Twitter, Inc. (TWTR) General Counsel Sells $264,900.00 in Stock

Twitter, Inc. (NYSE:TWTR) General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.66, for a total transaction of $264,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Vijaya Gadde also recently made the following trade(s):

  • On Wednesday, August 16th, Vijaya Gadde sold 15,000 shares of Twitter stock. The stock was sold at an average price of $16.07, for a total transaction of $241,050.00.
  • On Monday, July 10th, Vijaya Gadde sold 7,500 shares of Twitter stock. The stock was sold at an average price of $18.03, for a total transaction of $135,225.00.
  • On Tuesday, July 11th, Vijaya Gadde sold 15,000 shares of Twitter stock. The stock was sold at an average price of $18.28, for a total transaction of $274,200.00.

Twitter, Inc. (NYSE:TWTR) traded down 0.23% during mid-day trading on Thursday, reaching $17.58. 6,952,120 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $16.76 and a 200 day moving average price of $16.94. The company’s market cap is $12.89 billion. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. Equities analysts predict that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.

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TWTR has been the subject of several recent analyst reports. Vetr raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.35 price objective for the company in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $20.00 price target on shares of Twitter in a research report on Sunday, July 30th. Finally, Pivotal Research raised their price target on shares of Twitter from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Seventeen investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have assigned a buy rating to the company. Twitter currently has a consensus rating of “Hold” and a consensus target price of $15.49.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clinton Group Inc. boosted its holdings in shares of Twitter by 28.8% in the 1st quarter. Clinton Group Inc. now owns 103,394 shares of the social networking company’s stock valued at $1,546,000 after buying an additional 23,128 shares during the last quarter. Vivaldi Asset Management LLC acquired a new stake in shares of Twitter in the 2nd quarter valued at approximately $7,521,000. Allen Investment Management LLC acquired a new stake in shares of Twitter in the 2nd quarter valued at approximately $7,169,000. World Asset Management Inc boosted its holdings in shares of Twitter by 26.1% in the 1st quarter. World Asset Management Inc now owns 27,077 shares of the social networking company’s stock valued at $405,000 after buying an additional 5,597 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Twitter by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock valued at $519,000 after buying an additional 12,690 shares during the last quarter. 49.14% of the stock is owned by institutional investors.

Twitter Company Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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

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