Twitter, Inc. (NYSE:TWTR) CFO Sells $309,300.00 in Stock

Twitter, Inc. (NYSE:TWTR) CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction that occurred on Tuesday, October 12th. The shares were sold at an average price of $61.86, for a total transaction of $309,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ned D. Segal also recently made the following trade(s):

  • On Tuesday, September 14th, Ned D. Segal sold 5,000 shares of Twitter stock. The stock was sold at an average price of $59.99, for a total transaction of $299,950.00.
  • On Tuesday, August 10th, Ned D. Segal sold 7,000 shares of Twitter stock. The stock was sold at an average price of $67.15, for a total transaction of $470,050.00.

Shares of TWTR stock opened at $62.20 on Thursday. The firm has a market cap of $49.63 billion, a P/E ratio of 132.34 and a beta of 0.77. Twitter, Inc. has a 1-year low of $38.93 and a 1-year high of $80.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.31 and a quick ratio of 4.31. The firm’s 50-day simple moving average is $63.35 and its 200-day simple moving average is $63.39.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, July 22nd. The social networking company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.14. Twitter had a net margin of 8.64% and a return on equity of 4.80%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted ($1.39) earnings per share. Twitter’s revenue for the quarter was up 74.2% compared to the same quarter last year. Analysts expect that Twitter, Inc. will post 0.35 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of TWTR. Sawtooth Solutions LLC lifted its holdings in Twitter by 3.1% in the second quarter. Sawtooth Solutions LLC now owns 5,338 shares of the social networking company’s stock worth $367,000 after purchasing an additional 159 shares during the period. Wrapmanager Inc. raised its position in Twitter by 0.5% in the second quarter. Wrapmanager Inc. now owns 35,734 shares of the social networking company’s stock worth $2,459,000 after acquiring an additional 163 shares in the last quarter. CAPROCK Group Inc. raised its position in Twitter by 1.7% in the third quarter. CAPROCK Group Inc. now owns 10,714 shares of the social networking company’s stock worth $647,000 after acquiring an additional 178 shares in the last quarter. Franklin Resources Inc. raised its position in Twitter by 0.9% in the second quarter. Franklin Resources Inc. now owns 21,134 shares of the social networking company’s stock worth $1,455,000 after acquiring an additional 179 shares in the last quarter. Finally, Peoples Bank OH raised its position in Twitter by 2.9% in the second quarter. Peoples Bank OH now owns 6,448 shares of the social networking company’s stock worth $444,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 79.32% of the company’s stock.

Several brokerages have recently weighed in on TWTR. KeyCorp boosted their price objective on shares of Twitter from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, July 23rd. Oppenheimer boosted their price objective on shares of Twitter from $70.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, July 23rd. Zacks Investment Research upgraded shares of Twitter from a “sell” rating to a “hold” rating and set a $74.00 price objective for the company in a research report on Wednesday, July 7th. UBS Group boosted their price objective on shares of Twitter from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, July 23rd. Finally, Barclays upped their price target on shares of Twitter from $48.00 to $60.00 and gave the company an “underweight” rating in a research report on Friday, July 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.80.

Twitter Company Profile

Twitter, Inc is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet.

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

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