Insider Selling: Twitter Inc (TWTR) General Counsel Sells 15,000 Shares of Stock

Twitter Inc (NYSE:TWTR) General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $14.71, for a total value of $220,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, April 3rd, Vijaya Gadde sold 7,500 shares of Twitter stock. The stock was sold at an average price of $14.76, for a total value of $110,700.00.

Twitter Inc (NYSE:TWTR) traded up 0.14% on Friday, hitting $14.67. The stock had a trading volume of 10,978,158 shares. The company has a 50-day moving average price of $14.90 and a 200 day moving average price of $17.03. The firm’s market cap is $10.51 billion. Twitter Inc has a 52-week low of $13.73 and a 52-week high of $25.25.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 9th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The company had revenue of $717 million for the quarter, compared to analysts’ expectations of $740.17 million. During the same period in the previous year, the firm posted $0.16 EPS. Twitter’s revenue was up .9% compared to the same quarter last year. Equities analysts forecast that Twitter Inc will post $0.30 earnings per share for the current fiscal year.

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

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A number of large investors have recently bought and sold shares of TWTR. Apriem Advisors boosted its stake in Twitter by 4.5% in the third quarter. Apriem Advisors now owns 4,650 shares of the social networking company’s stock valued at $107,000 after buying an additional 200 shares during the last quarter. Massey Quick & Co. LLC purchased a new stake in Twitter during the fourth quarter valued at about $130,000. Edmond de Rothschild Europe purchased a new stake in Twitter during the third quarter valued at about $149,000. TRUE Private Wealth Advisors purchased a new stake in Twitter during the first quarter valued at about $153,000. Finally, Atria Investments LLC boosted its stake in Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock valued at $156,000 after buying an additional 268 shares during the last quarter. Institutional investors own 44.45% of the company’s stock.

TWTR has been the topic of a number of research reports. Cantor Fitzgerald lowered their target price on Twitter to $16.00 in a research report on Friday, February 10th. Jefferies Group LLC lowered their target price on Twitter to $20.00 in a research report on Friday, February 10th. Evercore ISI reaffirmed a “buy” rating and set a $17.00 target price on shares of Twitter in a research report on Friday, January 6th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $18.24 price target for the company. in a research report on Wednesday, January 4th. Finally, BTIG Research raised Twitter from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.26 to $25.00 in a research report on Wednesday, February 8th. Seventeen analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.76.

About Twitter

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.

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