Twitter, Inc. (NYSE:TWTR) Insider Robert Kaiden Sells 7,775 Shares of Stock
Twitter, Inc. (NYSE:TWTR) insider Robert Kaiden sold 7,775 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $16.28, for a total value of $126,577.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Robert Kaiden also recently made the following trade(s):
- On Tuesday, August 1st, Robert Kaiden sold 4,725 shares of Twitter stock. The shares were sold at an average price of $16.06, for a total value of $75,883.50.
- On Tuesday, June 6th, Robert Kaiden sold 14,388 shares of Twitter stock. The shares were sold at an average price of $17.71, for a total value of $254,811.48.
- On Thursday, June 1st, Robert Kaiden sold 2,815 shares of Twitter stock. The stock was sold at an average price of $18.37, for a total value of $51,711.55.
Shares of Twitter, Inc. (NYSE TWTR) traded up 0.68% on Friday, reaching $16.29. The company’s stock had a trading volume of 15,084,843 shares. The stock’s market capitalization is $11.89 billion. Twitter, Inc. has a 1-year low of $14.12 and a 1-year high of $25.25. The stock has a 50-day moving average of $18.23 and a 200 day moving average of $16.92.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.93%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, equities analysts forecast that Twitter, Inc. will post $0.34 EPS for the current year.
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TWTR has been the topic of a number of recent analyst reports. Argus reiterated a “hold” rating on shares of Twitter in a research report on Tuesday, May 2nd. Vetr downgraded Twitter from a “strong-buy” rating to a “hold” rating and set a $18.68 target price on the stock. in a research report on Tuesday, May 23rd. Zacks Investment Research upgraded Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research report on Friday, April 28th. Barclays PLC restated an “underweight” rating and issued a $14.00 target price on shares of Twitter in a research report on Monday, April 17th. Finally, BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Sixteen investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA acquired a new position in Twitter during the second quarter worth $174,000. State Board of Administration of Florida Retirement System increased its position in shares of Twitter by 8.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 987,755 shares of the social networking company’s stock valued at $17,651,000 after buying an additional 78,377 shares during the period. Marshall Wace LLP purchased a new position in shares of Twitter during the second quarter valued at approximately $502,000. Marshall Wace North America L.P. purchased a new position in shares of Twitter during the second quarter valued at approximately $1,591,000. Finally, BB&T Securities LLC increased its position in shares of Twitter by 24.2% in the second quarter. BB&T Securities LLC now owns 162,762 shares of the social networking company’s stock valued at $2,908,000 after buying an additional 31,729 shares during the period. Institutional investors and hedge funds own 47.41% of the company’s stock.
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.
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