Matthew Derella Sells 18,043 Shares of Twitter Inc (NYSE:TWTR) Stock

Twitter Inc (NYSE:TWTR) VP Matthew Derella sold 18,043 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $29.94, for a total transaction of $540,207.42. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Matthew Derella also recently made the following trade(s):

  • On Thursday, October 3rd, Matthew Derella sold 4,668 shares of Twitter stock. The stock was sold at an average price of $39.68, for a total transaction of $185,226.24.

TWTR opened at $29.21 on Friday. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.28. Twitter Inc has a 1-year low of $26.26 and a 1-year high of $45.85. The company has a market capitalization of $23.14 billion, a PE ratio of 53.11, a PEG ratio of 0.52 and a beta of 0.58. The firm’s 50 day simple moving average is $37.15 and its two-hundred day simple moving average is $38.58.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $875.21 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that Twitter Inc will post 2 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Nuveen Asset Management LLC raised its position in Twitter by 17,011.6% in the second quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock worth $366,266,000 after acquiring an additional 10,433,413 shares during the period. Renaissance Technologies LLC raised its position in Twitter by 331.4% in the second quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock worth $256,082,000 after acquiring an additional 5,636,902 shares during the period. Vanguard Group Inc. raised its position in Twitter by 2.0% in the second quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock worth $2,735,204,000 after acquiring an additional 1,510,879 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Twitter by 23.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock worth $206,592,000 after acquiring an additional 1,110,127 shares during the period. Finally, Nikko Asset Management Americas Inc. raised its position in Twitter by 44.0% in the second quarter. Nikko Asset Management Americas Inc. now owns 3,168,974 shares of the social networking company’s stock worth $110,597,000 after acquiring an additional 968,905 shares during the period. Institutional investors and hedge funds own 69.23% of the company’s stock.

Several research analysts have recently issued reports on TWTR shares. ValuEngine downgraded shares of Twitter from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Nomura dropped their target price on shares of Twitter from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. SunTrust Banks dropped their target price on shares of Twitter from $41.00 to $36.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of Twitter from $52.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Goldman Sachs Group downgraded shares of Twitter from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $52.00 to $34.00 in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $36.61.

About Twitter

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)

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