Twitter Inc (NYSE:TWTR) Insider Sells $70,577.50 in Stock

Twitter Inc (NYSE:TWTR) insider Michael Montano sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $40.33, for a total value of $70,577.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Michael Montano also recently made the following trade(s):

  • On Friday, September 20th, Michael Montano sold 1,250 shares of Twitter stock. The stock was sold at an average price of $43.13, for a total value of $53,912.50.
  • On Thursday, September 5th, Michael Montano sold 1,250 shares of Twitter stock. The stock was sold at an average price of $43.78, for a total value of $54,725.00.
  • On Tuesday, August 20th, Michael Montano sold 1,250 shares of Twitter stock. The stock was sold at an average price of $41.70, for a total value of $52,125.00.
  • On Monday, August 5th, Michael Montano sold 1,250 shares of Twitter stock. The stock was sold at an average price of $41.61, for a total value of $52,012.50.
  • On Monday, July 22nd, Michael Montano sold 1,250 shares of Twitter stock. The stock was sold at an average price of $36.95, for a total value of $46,187.50.

TWTR traded down $0.20 during mid-day trading on Wednesday, reaching $39.50. 7,460,667 shares of the company traded hands, compared to its average volume of 15,113,870. The stock has a market capitalization of $30.70 billion, a P/E ratio of 71.82, a P/E/G ratio of 0.83 and a beta of 0.59. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is $42.19 and its 200-day moving average price is $38.51. Twitter Inc has a 52-week low of $26.19 and a 52-week high of $45.85.

Twitter (NYSE:TWTR) last announced its earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $841.40 million during the quarter, compared to analyst estimates of $828.07 million. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. As a group, sell-side analysts forecast that Twitter Inc will post 2.06 earnings per share for the current fiscal year.

A number of brokerages have recently commented on TWTR. Rosenblatt Securities began coverage on Twitter in a research report on Tuesday, July 23rd. They issued a “neutral” rating and a $38.00 price target on the stock. SunTrust Banks boosted their price target on Twitter to $41.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. Mizuho set a $35.00 price target on Twitter and gave the stock a “sell” rating in a research report on Friday, July 26th. ValuEngine cut Twitter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Moffett Nathanson dropped their price target on Twitter from $28.00 to $25.00 and set a “sell” rating on the stock in a research report on Thursday, June 13th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the company. Twitter currently has a consensus rating of “Hold” and an average price target of $41.17.

A number of institutional investors and hedge funds have recently made changes to their positions in TWTR. Nuveen Asset Management LLC raised its stake in Twitter by 17,011.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock valued at $366,266,000 after buying an additional 10,433,413 shares during the last quarter. Renaissance Technologies LLC raised its stake in Twitter by 331.4% during the 2nd quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock valued at $256,082,000 after buying an additional 5,636,902 shares during the last quarter. Clearbridge Investments LLC raised its stake in Twitter by 11.5% during the 1st quarter. Clearbridge Investments LLC now owns 30,512,378 shares of the social networking company’s stock valued at $1,003,247,000 after buying an additional 3,144,553 shares during the last quarter. First Trust Advisors LP raised its stake in Twitter by 23.1% during the 1st quarter. First Trust Advisors LP now owns 8,908,905 shares of the social networking company’s stock valued at $292,925,000 after buying an additional 1,673,894 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Twitter by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock valued at $2,735,204,000 after buying an additional 1,510,879 shares during the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Insider Buying and Selling by Quarter for Twitter (NYSE:TWTR)