Insider Selling: Twitter Inc. (TWTR) Insider Sells $39,958.52 in Stock

Twitter Inc. (NYSE:TWTR) insider Robert Kaiden sold 1,421 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $28.12, for a total transaction of $39,958.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Robert Kaiden also recently made the following trade(s):

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  • On Tuesday, March 6th, Robert Kaiden sold 4,158 shares of Twitter stock. The stock was sold at an average price of $34.36, for a total transaction of $142,868.88.
  • On Thursday, March 1st, Robert Kaiden sold 3,342 shares of Twitter stock. The stock was sold at an average price of $31.77, for a total transaction of $106,175.34.
  • On Tuesday, February 6th, Robert Kaiden sold 12,734 shares of Twitter stock. The stock was sold at an average price of $24.99, for a total transaction of $318,222.66.
  • On Thursday, February 1st, Robert Kaiden sold 6,018 shares of Twitter stock. The stock was sold at an average price of $26.17, for a total transaction of $157,491.06.
  • On Wednesday, January 3rd, Robert Kaiden sold 1,186 shares of Twitter stock. The stock was sold at an average price of $24.44, for a total transaction of $28,985.84.

Shares of TWTR stock opened at $28.64 on Friday. The company has a market cap of $21,213.05, a PE ratio of 477.33, a P/E/G ratio of 7.68 and a beta of 0.86. Twitter Inc. has a 52 week low of $14.12 and a 52 week high of $36.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. The company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. sell-side analysts expect that Twitter Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Rehmann Capital Advisory Group bought a new position in shares of Twitter in the 4th quarter worth $265,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Twitter by 17.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 109,097 shares of the social networking company’s stock worth $2,619,000 after purchasing an additional 15,852 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Twitter by 20.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 161,239 shares of the social networking company’s stock worth $3,872,000 after purchasing an additional 27,380 shares in the last quarter. CNB Bank bought a new position in shares of Twitter in the 4th quarter worth $101,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Twitter by 12.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 222,954 shares of the social networking company’s stock worth $5,353,000 after purchasing an additional 24,479 shares in the last quarter. 54.67% of the stock is owned by institutional investors.

Several research firms recently weighed in on TWTR. Aegis raised shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 16th. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $26.90 price objective for the company. in a research report on Wednesday, January 3rd. Robert W. Baird upped their price objective on shares of Twitter from $20.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Canaccord Genuity upped their price objective on shares of Twitter from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, SunTrust Banks upped their price objective on shares of Twitter to $29.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $23.51.

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About Twitter

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.

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

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