Twitter Inc (NYSE:TWTR) Insider Michael Montano Sells 1,250 Shares

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Twitter Inc (NYSE:TWTR) insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $36.30, for a total value of $45,375.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Montano also recently made the following trade(s):

  • On Wednesday, June 5th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $36.50, for a total value of $45,625.00.
  • On Monday, May 20th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $37.17, for a total value of $46,462.50.
  • On Friday, April 5th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $34.69, for a total value of $43,362.50.

TWTR stock opened at $35.02 on Monday. Twitter Inc has a twelve month low of $26.19 and a twelve month high of $46.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.47 and a current ratio of 4.47. The stock has a market cap of $26.92 billion, a PE ratio of 63.67, a P/E/G ratio of 2.23 and a beta of 0.69.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The firm had revenue of $787.00 million for the quarter, compared to analysts’ expectations of $775.16 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities analysts forecast that Twitter Inc will post 0.67 earnings per share for the current fiscal year.

Several equities analysts have commented on TWTR shares. Oppenheimer raised their price objective on Twitter from $33.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley raised their price objective on Twitter from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on Twitter from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. China Renaissance Securities started coverage on Twitter in a research report on Wednesday, May 29th. They set a “sell” rating and a $28.00 price objective for the company. Finally, SunTrust Banks reissued a “hold” rating and set a $34.00 price objective on shares of Twitter in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.78.

A number of hedge funds and other institutional investors have recently bought and sold shares of TWTR. Norges Bank purchased a new position in Twitter in the 4th quarter worth approximately $202,600,000. SRS Investment Management LLC purchased a new position in Twitter in the 4th quarter worth approximately $140,191,000. Clearbridge Investments LLC lifted its holdings in Twitter by 11.5% in the 1st quarter. Clearbridge Investments LLC now owns 30,512,378 shares of the social networking company’s stock worth $1,003,247,000 after purchasing an additional 3,144,553 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Twitter by 72.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,809,412 shares of the social networking company’s stock worth $158,133,000 after acquiring an additional 2,026,733 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its holdings in shares of Twitter by 1,085.7% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 2,200,069 shares of the social networking company’s stock worth $72,338,000 after acquiring an additional 2,014,515 shares in the last quarter. 67.09% of the stock is currently owned by institutional investors.

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

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