Traders Buy Twitter (TWTR) on Weakness Following Insider Selling

Investors bought shares of Twitter Inc (NYSE:TWTR) on weakness during trading on Thursday after an insider sold shares in the company. $109.42 million flowed into the stock on the tick-up and $75.84 million flowed out of the stock on the tick-down, for a money net flow of $33.58 million into the stock. Of all companies tracked, Twitter had the 22nd highest net in-flow for the day. Twitter traded down ($0.46) for the day and closed at $23.99Specifically, insider Robert Kaiden sold 5,926 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $19.51, for a total transaction of $115,616.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Clark Williams sold 409,115 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $17.95, for a total transaction of $7,343,614.25. The disclosure for this sale can be found here. In the last three months, insiders sold 5,726,480 shares of company stock valued at $120,514,319. 10.79% of the stock is owned by insiders.

Several equities research analysts have recently commented on the stock. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price target for the company in a research report on Monday, October 23rd. Argus raised shares of Twitter from a “hold” rating to a “buy” rating and upped their price target for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. Wedbush set a $16.00 price target on shares of Twitter and gave the company a “hold” rating in a research report on Monday, October 23rd. Susquehanna Bancshares upped their price target on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Finally, BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Twelve equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.44.

The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The stock has a market cap of $17,820.00, a P/E ratio of -47.04, a price-to-earnings-growth ratio of 11.79 and a beta of 1.11.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The business had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. sell-side analysts predict that Twitter Inc will post 0.02 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of TWTR. Balentine LLC boosted its stake in Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares during the period. Toronto Dominion Bank boosted its stake in Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares during the period. Malaga Cove Capital LLC bought a new position in shares of Twitter during the 3rd quarter valued at approximately $154,000. Staley Capital Advisers Inc. bought a new position in shares of Twitter during the 3rd quarter valued at approximately $173,000. Finally, Federated Investors Inc. PA bought a new position in shares of Twitter during the 2nd quarter valued at approximately $174,000. Institutional investors and hedge funds own 50.69% of the company’s stock.

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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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