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

Twitter Inc (NYSE:TWTR) insider Michael Montano sold 1,250 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $36.00, for a total transaction of $45,000.00. 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 Thursday, June 20th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $36.30, for a total transaction of $45,375.00.
  • On Wednesday, June 5th, Michael Montano sold 1,250 shares of Twitter stock. The stock was sold at an average price of $36.50, for a total transaction of $45,625.00.
  • On Monday, May 20th, Michael Montano sold 1,250 shares of Twitter stock. The stock was sold at an average price of $37.17, for a total transaction of $46,462.50.

Shares of TWTR opened at $37.47 on Thursday. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average is $36.41. Twitter Inc has a twelve month low of $26.19 and a twelve month high of $45.34. The firm has a market capitalization of $29.05 billion, a price-to-earnings ratio of 68.13, a P/E/G ratio of 2.31 and a beta of 0.57.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.31. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The company had revenue of $787.00 million for the quarter, compared to the consensus estimate of $775.16 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Sell-side analysts predict that Twitter Inc will post 0.67 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in TWTR. Acadian Asset Management LLC bought a new position in Twitter during the 4th quarter worth approximately $135,000. Standard Life Aberdeen plc grew its position in Twitter by 6.0% during the 4th quarter. Standard Life Aberdeen plc now owns 250,373 shares of the social networking company’s stock worth $7,181,000 after acquiring an additional 14,077 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Twitter during the 4th quarter worth approximately $268,000. CIBC Asset Management Inc grew its position in Twitter by 3.0% during the 4th quarter. CIBC Asset Management Inc now owns 65,587 shares of the social networking company’s stock worth $1,885,000 after acquiring an additional 1,913 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Twitter by 3.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 501,007 shares of the social networking company’s stock worth $13,800,000 after acquiring an additional 15,654 shares during the last quarter. 67.09% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on TWTR shares. Loop Capital started coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They set a “buy” rating on the stock. China Renaissance Securities started coverage on shares of Facebook in a research note on Wednesday, May 29th. They set a “buy” rating and a $245.00 price target on the stock. Pivotal Research started coverage on shares of SRC Energy in a research note on Wednesday, May 29th. They set a “buy” rating and a $37.29 price target on the stock. ValuEngine lowered shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Oppenheimer started coverage on shares of Kala Pharmaceuticals in a research note on Wednesday, April 24th. They set an “outperform” rating and a $11.00 price target on the stock. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. Twitter has an average rating of “Hold” and an average target price of $39.58.

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.

Read More: Economic Reports

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

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.