Investors Sell Shares of Twitter (TWTR) on Strength Following Insider Selling

Traders sold shares of Twitter Inc (NYSE:TWTR) on strength during trading hours on Friday after an insider sold shares in the company. $194.66 million flowed into the stock on the tick-up and $234.94 million flowed out of the stock on the tick-down, for a money net flow of $40.28 million out of the stock. Of all companies tracked, Twitter had the 0th highest net out-flow for the day. Twitter traded up $1.06 for the day and closed at $25.41Specifically, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the sale, the director now directly owns 2,530,241 shares of the company’s stock, valued at approximately $53,286,875.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $18.19, for a total transaction of $272,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,335,712 shares of company stock worth $113,614,151 over the last ninety days. 10.79% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on the stock. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price target on the stock in a research note on Monday, October 23rd. Argus raised shares of Twitter from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.71 to $25.00 in a research note on Friday, November 3rd. Wedbush set a $16.00 price target on shares of Twitter and gave the stock a “hold” rating in a research note on Monday, October 23rd. Susquehanna Bancshares raised their price target on shares of Twitter from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Twelve investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Twitter has a consensus rating of “Hold” and a consensus price target of $18.90.

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 posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. research analysts anticipate that Twitter Inc will post 0.02 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of TWTR. Bristol Advisors LLC bought a new stake in shares of Twitter in the fourth quarter worth $1,801,000. Rockland Trust Co. bought a new stake in shares of Twitter in the fourth quarter worth $219,000. Deane Retirement Strategies Inc. bought a new stake in shares of Twitter in the fourth quarter worth $2,257,000. DnB Asset Management AS increased its stake in shares of Twitter by 20.5% in the fourth quarter. DnB Asset Management AS now owns 66,500 shares of the social networking company’s stock worth $1,597,000 after buying an additional 11,300 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Twitter in the third quarter worth $200,000. Institutional investors own 50.69% of the company’s stock.

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About Twitter

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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