Insider Selling: Twitter Inc (NYSE:TWTR) CFO Sells $220,020.00 in Stock

Twitter Inc (NYSE:TWTR) CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $36.67, for a total transaction of $220,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ned D. Segal also recently made the following trade(s):

  • On Tuesday, June 11th, Ned D. Segal sold 6,000 shares of Twitter stock. The stock was sold at an average price of $37.82, for a total transaction of $226,920.00.
  • On Tuesday, May 14th, Ned D. Segal sold 6,000 shares of Twitter stock. The stock was sold at an average price of $36.84, for a total transaction of $221,040.00.

NYSE:TWTR opened at $37.84 on Friday. The firm’s fifty day moving average price is $36.39. Twitter Inc has a 52 week low of $26.19 and a 52 week high of $45.32. 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 company has a market cap of $28.60 billion, a price-to-earnings ratio of 68.80, a P/E/G ratio of 2.37 and a beta of 0.57.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $775.16 million. During the same period in the prior year, the business posted $0.16 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. Research analysts predict that Twitter Inc will post 0.67 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of TWTR. Norges Bank bought a new stake in Twitter during the 4th quarter valued at $202,600,000. SRS Investment Management LLC bought a new position in Twitter in the 4th quarter worth $140,191,000. Clearbridge Investments LLC raised 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 Twitter by 72.8% in 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 purchasing an additional 2,026,733 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its holdings in Twitter by 1,085.7% in 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 purchasing an additional 2,014,515 shares in the last quarter. Institutional investors own 67.09% of the company’s stock.

A number of equities research analysts have recently weighed in on TWTR shares. Robert W. Baird boosted their price objective on shares of Twitter from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Nomura boosted their price objective on shares of Twitter from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Consumer Edge started coverage on shares of Twitter in a report on Friday, May 17th. They issued an “equal weight” rating and a $38.30 price objective for the company. ValuEngine lowered shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Zacks Investment Research lowered shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company. Twitter currently has a consensus rating of “Hold” and an average price target of $39.58.

Twitter Company Profile

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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