Insider Selling: Twitter Inc (NYSE:TWTR) CFO Sells 7,000 Shares of Stock

Twitter Inc (NYSE:TWTR) CFO Ned D. Segal sold 7,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $38.55, for a total value of $269,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, September 1st, Ned D. Segal sold 17,216 shares of Twitter stock. The shares were sold at an average price of $40.58, for a total value of $698,625.28.
  • On Tuesday, August 11th, Ned D. Segal sold 8,000 shares of Twitter stock. The shares were sold at an average price of $37.43, for a total value of $299,440.00.
  • On Tuesday, July 14th, Ned D. Segal sold 8,000 shares of Twitter stock. The shares were sold at an average price of $33.56, for a total value of $268,480.00.

Shares of TWTR stock traded down $0.61 during midday trading on Thursday, reaching $38.95. 10,325,554 shares of the company traded hands, compared to its average volume of 20,892,715. The firm’s 50 day simple moving average is $38.54 and its two-hundred day simple moving average is $32.66. Twitter Inc has a 1-year low of $20.00 and a 1-year high of $44.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 10.10 and a quick ratio of 10.10. The firm has a market cap of $30.21 billion, a PE ratio of -28.43 and a beta of 0.87.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, July 23rd. The social networking company reported ($1.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($1.24). Twitter had a negative net margin of 32.54% and a negative return on equity of 12.17%. The company had revenue of $683.40 million for the quarter, compared to analyst estimates of $708.05 million. During the same quarter in the previous year, the business posted $1.58 earnings per share. Twitter’s revenue was down 18.8% on a year-over-year basis. As a group, research analysts anticipate that Twitter Inc will post -1.47 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. Rosenblatt Securities increased their price objective on Twitter from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Vertical Group raised Twitter to a “positive” rating in a report on Monday, June 15th. Citigroup raised their price objective on Twitter from $30.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Stifel Nicolaus raised their price objective on Twitter from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Finally, Vertical Research raised Twitter to a “positive” rating in a report on Monday, June 15th. Four equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.41.

Institutional investors have recently modified their holdings of the stock. Weaver Consulting Group raised its position in shares of Twitter by 430.1% during the 2nd quarter. Weaver Consulting Group now owns 986 shares of the social networking company’s stock worth $29,000 after purchasing an additional 800 shares during the last quarter. M&R Capital Management Inc. raised its holdings in Twitter by 122.2% in the 2nd quarter. M&R Capital Management Inc. now owns 1,000 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 550 shares during the last quarter. Kistler Tiffany Companies LLC acquired a new position in Twitter in the 2nd quarter valued at $36,000. Meeder Asset Management Inc. raised its holdings in Twitter by 254.3% in the 1st quarter. Meeder Asset Management Inc. now owns 1,396 shares of the social networking company’s stock valued at $34,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Twitter by 149.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,545 shares of the social networking company’s stock valued at $46,000 after acquiring an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.

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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