Twitter, Inc. (NYSE:TWTR) CAO Robert Kaiden sold 3,570 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $21.00, for a total value of $74,970.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Robert Kaiden also recently made the following trade(s):
- On Friday, December 1st, Robert Kaiden sold 3,930 shares of Twitter stock. The stock was sold at an average price of $20.62, for a total value of $81,036.60.
- On Monday, November 6th, Robert Kaiden sold 5,926 shares of Twitter stock. The stock was sold at an average price of $19.51, for a total value of $115,616.26.
- On Wednesday, November 1st, Robert Kaiden sold 6,574 shares of Twitter stock. The stock was sold at an average price of $20.59, for a total value of $135,358.66.
Shares of Twitter, Inc. (TWTR) traded up $0.09 during midday trading on Friday, reaching $21.10. The company had a trading volume of 14,865,480 shares, compared to its average volume of 13,869,490. Twitter, Inc. has a 1 year low of $14.12 and a 1 year high of $22.48. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. equities research analysts anticipate that Twitter, Inc. will post 0.02 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Balentine LLC lifted its position in shares of Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after buying an additional 3,167 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares during the last quarter. Malaga Cove Capital LLC acquired a new stake in shares of Twitter in the third quarter valued at approximately $154,000. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Twitter by 112.3% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock valued at $157,000 after buying an additional 4,645 shares during the last quarter. Finally, Staley Capital Advisers Inc. acquired a new stake in shares of Twitter in the third quarter valued at approximately $173,000. 50.83% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on TWTR shares. Goldman Sachs Group set a $26.00 price target on Twitter and gave the stock a “buy” rating in a report on Friday, October 27th. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price target for the company. in a report on Wednesday, October 4th. Susquehanna Bancshares increased their price objective on Twitter from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Morgan Stanley reiterated an “underweight” rating and set a $10.00 price objective on shares of Twitter in a report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $17.00 price objective on shares of Twitter in a report on Friday, September 1st. Twelve analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.99.
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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