Twitter, Inc. (TWTR) CAO Sells $135,358.66 in Stock
Twitter, Inc. (NYSE:TWTR) CAO Robert Kaiden sold 6,574 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $20.59, for a total transaction of $135,358.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Robert Kaiden also recently made the following trade(s):
- On Wednesday, September 6th, Robert Kaiden sold 3,695 shares of Twitter stock. The shares were sold at an average price of $16.78, for a total transaction of $62,002.10.
- On Friday, September 1st, Robert Kaiden sold 3,805 shares of Twitter stock. The shares were sold at an average price of $16.81, for a total transaction of $63,962.05.
Twitter, Inc. (TWTR) opened at $19.90 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $21.96.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. analysts forecast that Twitter, Inc. will post 0.02 EPS for the current year.
A number of analysts have commented on TWTR shares. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 target price for the company in a report on Monday, October 23rd. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Twitter in a report on Saturday, July 22nd. BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $20.00 target price on shares of Twitter in a report on Sunday, July 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Twitter in a report on Friday, August 25th. Twelve research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.44.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Independence Advisors LLC purchased a new position in Twitter during the 2nd quarter valued at about $231,000. Toronto Dominion Bank increased its position in Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in Twitter by 112.3% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock valued at $157,000 after purchasing an additional 4,645 shares during the period. Federated Investors Inc. PA purchased a new position in Twitter during the 2nd quarter valued at about $174,000. Finally, Berkshire Asset Management LLC PA purchased a new position in Twitter during the 3rd quarter valued at about $184,000. 49.68% of the stock is currently owned by institutional investors and hedge funds.
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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