Twitter CFO Unloads $1,194,915 in Stock (TWTR)

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Twitter (NYSE:TWTR) CFO Mike Gupta sold 31,645 shares of Twitter stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $37.76, for a total value of $1,194,915.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Pacific Crest initiated coverage on shares of Twitter in a research note on Wednesday. They set an “outperform” rating and a $45.00 price target on the stock. Separately, analysts at Cantor Fitzgerald upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Nomura upgraded shares of Twitter from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 28th. They now have a $43.00 price target on the stock, up previously from $40.00. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.64.

Shares of Twitter (NYSE:TWTR) traded down 0.21% during mid-day trading on Friday, hitting $33.82. 12,007,162 shares of the company’s stock traded hands. Twitter has a 52-week low of $29.51 and a 52-week high of $74.73. The stock’s 50-day moving average is $35.87 and its 200-day moving average is $49.08. The company’s market cap is $19.748 billion. Twitter also was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 41,082,382 shares, a drop of 18.0% from the April 30th total of 50,098,350 shares. Currently, 12.6% of the company’s stock are short sold. Based on an average daily trading volume, of 38,827,438 shares, the days-to-cover ratio is presently 1.1 days.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.19. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 119.7% on a year-over-year basis. On average, analysts predict that Twitter will post $0.04 earnings per share for the current fiscal year.

Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.

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