Twitter, Inc. (NYSE:TWTR) Insider Michael Montano Sells 2,250 Shares

Twitter, Inc. (NYSE:TWTR) insider Michael Montano sold 2,250 shares of Twitter stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $64.14, for a total transaction of $144,315.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, March 22nd, Michael Montano sold 2,250 shares of Twitter stock. The stock was sold at an average price of $66.53, for a total transaction of $149,692.50.
  • On Friday, February 5th, Michael Montano sold 2,250 shares of Twitter stock. The shares were sold at an average price of $56.50, for a total transaction of $127,125.00.
  • On Wednesday, January 20th, Michael Montano sold 2,250 shares of Twitter stock. The stock was sold at an average price of $46.23, for a total transaction of $104,017.50.

TWTR opened at $68.99 on Thursday. The company has a market cap of $55.06 billion, a PE ratio of -49.99, a price-to-earnings-growth ratio of 2.69 and a beta of 0.86. The stock has a 50-day moving average of $68.05 and a 200-day moving average of $53.89. Twitter, Inc. has a 52-week low of $25.06 and a 52-week high of $80.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 4.44 and a current ratio of 4.44.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Tuesday, February 9th. The social networking company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.07. Twitter had a negative return on equity of 12.42% and a negative net margin of 31.70%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The firm’s revenue was up 28.1% on a year-over-year basis. On average, research analysts predict that Twitter, Inc. will post -1.16 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Twitter during the 4th quarter valued at approximately $1,154,000. B. Riley Wealth Management Inc. boosted its stake in Twitter by 59.6% during the 4th quarter. B. Riley Wealth Management Inc. now owns 26,899 shares of the social networking company’s stock valued at $1,457,000 after purchasing an additional 10,046 shares during the period. Exchange Traded Concepts LLC boosted its stake in Twitter by 388.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,226 shares of the social networking company’s stock valued at $66,000 after purchasing an additional 975 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of Twitter in the 4th quarter worth approximately $10,830,000. Finally, ING Groep NV lifted its position in shares of Twitter by 161.0% in the 4th quarter. ING Groep NV now owns 165,932 shares of the social networking company’s stock worth $8,985,000 after acquiring an additional 102,357 shares during the period. Hedge funds and other institutional investors own 73.17% of the company’s stock.

A number of research firms have recently issued reports on TWTR. Susquehanna Bancshares increased their target price on Twitter from $58.00 to $70.00 and gave the company a “positive” rating in a report on Wednesday, February 10th. Susquehanna upped their price target on Twitter from $58.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday, February 10th. Stifel Nicolaus upped their price target on Twitter from $60.00 to $70.00 in a research report on Friday, February 26th. Truist raised Twitter from a “hold” rating to a “buy” rating and upped their price target for the company from $64.00 to $74.00 in a research report on Monday, March 29th. Finally, Rosenblatt Securities upped their price target on Twitter from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, March 4th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.16.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States, Japan, and internationally. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.

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