Twitter Inc (NYSE:TWTR)’s share price dropped 5% on Monday after an insider sold shares in the company. The stock traded as low as $31.84 and last traded at $31.98. Approximately 15,721,875 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 28,946,184 shares. The stock had previously closed at $33.67.

Specifically, Director David S. Rosenblatt sold 30,000 shares of Twitter stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $34.30, for a total transaction of $1,029,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $35.45, for a total value of $24,185,478.90. Following the sale, the director now directly owns 1,634,718 shares of the company’s stock, valued at approximately $57,950,753.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,180,995 shares of company stock valued at $127,996,260. Corporate insiders own 6.62% of the company’s stock.

Several equities research analysts have issued reports on TWTR shares. Citigroup lifted their price target on Twitter from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Twitter in a research note on Friday, July 27th. ValuEngine lowered Twitter from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 28th. Moffett Nathanson dropped their price target on Twitter from $23.00 to $21.00 and set a “sell” rating for the company in a research note on Monday, September 17th. Finally, Deutsche Bank dropped their price target on Twitter from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. Twitter has a consensus rating of “Hold” and a consensus price target of $34.38.

The company has a market cap of $25.63 billion, a price-to-earnings ratio of 533.00, a PEG ratio of 3.45 and a beta of 0.32. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.27.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. Twitter had a return on equity of 6.75% and a net margin of 36.35%. The company had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. On average, equities analysts anticipate that Twitter Inc will post 0.44 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Tyers Asset Management LLC purchased a new position in Twitter during the 2nd quarter valued at about $326,000. CIBC World Markets Inc. increased its holdings in Twitter by 73.7% during the 2nd quarter. CIBC World Markets Inc. now owns 23,406 shares of the social networking company’s stock valued at $1,022,000 after purchasing an additional 9,933 shares during the period. American Century Companies Inc. purchased a new position in Twitter during the 2nd quarter valued at about $118,445,000. Northern Trust Corp increased its holdings in Twitter by 42.8% during the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after purchasing an additional 3,084,415 shares during the period. Finally, Cavalier Investments LLC purchased a new position in Twitter during the 2nd quarter valued at about $414,000. Institutional investors own 66.98% of the company’s stock.

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About Twitter (NYSE:TWTR)

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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