Vijaya Gadde Sells 135,000 Shares of Twitter, Inc. (TWTR) Stock

Twitter, Inc. (NYSE:TWTR) General Counsel Vijaya Gadde sold 135,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.92, for a total value of $2,689,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Vijaya Gadde also recently made the following trade(s):

  • On Wednesday, October 18th, Vijaya Gadde sold 15,000 shares of Twitter stock. The shares were sold at an average price of $18.19, for a total value of $272,850.00.
  • On Wednesday, September 20th, Vijaya Gadde sold 15,000 shares of Twitter stock. The shares were sold at an average price of $17.66, for a total value of $264,900.00.
  • On Wednesday, August 16th, Vijaya Gadde sold 15,000 shares of Twitter stock. The shares were sold at an average price of $16.07, for a total value of $241,050.00.

Shares of Twitter, Inc. (TWTR) opened at $20.05 on Wednesday. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $21.96. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The firm had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. sell-side analysts forecast that Twitter, Inc. will post 0.02 earnings per share for the current fiscal year.

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TWTR has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) set a $26.00 price target on Twitter and gave the company a “buy” rating in a research report on Friday, October 27th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price target for the company. in a research report on Wednesday, October 4th. Susquehanna Bancshares Inc upped their price target on Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Morgan Stanley restated an “underweight” rating and issued a $10.00 price target on shares of Twitter in a research report on Monday, October 2nd. Finally, Robert W. Baird restated a “hold” rating and issued a $17.00 price target on shares of Twitter in a research report on Friday, September 1st. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.67.

A number of large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC lifted its position in Twitter by 522.2% in the third quarter. Cubist Systematic Strategies LLC now owns 90,002 shares of the social networking company’s stock valued at $1,518,000 after purchasing an additional 75,536 shares during the period. Janus Henderson Group PLC lifted its position in Twitter by 67.2% in the third quarter. Janus Henderson Group PLC now owns 146,844 shares of the social networking company’s stock valued at $2,478,000 after purchasing an additional 59,014 shares during the period. Vident Investment Advisory LLC acquired a new stake in Twitter in the third quarter valued at about $1,571,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in Twitter in the third quarter valued at about $1,346,000. Finally, Boothbay Fund Management LLC acquired a new stake in Twitter in the third quarter valued at about $641,000. Hedge funds and other institutional investors own 49.71% of the company’s stock.

Twitter Company Profile

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.

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

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