Twitter, Inc. (TWTR) Insider Robert Kaiden Sells 14,388 Shares
Twitter, Inc. (NYSE:TWTR) insider Robert Kaiden sold 14,388 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $17.71, for a total transaction of $254,811.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Robert Kaiden also recently made the following trade(s):
- On Thursday, June 1st, Robert Kaiden sold 2,815 shares of Twitter stock. The stock was sold at an average price of $18.37, for a total transaction of $51,711.55.
- On Monday, May 1st, Robert Kaiden sold 4,569 shares of Twitter stock. The stock was sold at an average price of $17.35, for a total transaction of $79,272.15.
Shares of Twitter, Inc. (TWTR) traded down 0.95% on Friday, reaching $16.67. 9,939,429 shares of the company’s stock were exchanged. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25. The company’s 50 day moving average price is $18.01 and its 200-day moving average price is $16.78. The stock’s market cap is $12.09 billion.
Twitter (NYSE:TWTR) last issued its earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.27. Twitter had a negative return on equity of 4.23% and a negative net margin of 17.67%. The company had revenue of $548 million for the quarter, compared to analysts’ expectations of $513.04 million. During the same period last year, the business earned $0.15 EPS. Twitter’s quarterly revenue was down 7.8% compared to the same quarter last year. Equities analysts forecast that Twitter, Inc. will post $0.33 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Twitter by 4.1% in the first quarter. Vanguard Group Inc. now owns 45,997,766 shares of the social networking company’s stock worth $687,667,000 after buying an additional 1,819,941 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock worth $550,249,000 after buying an additional 5,561,940 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock worth $150,822,000 after buying an additional 2,999,690 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Twitter by 10.9% in the first quarter. First Trust Advisors LP now owns 6,543,375 shares of the social networking company’s stock worth $97,823,000 after buying an additional 641,282 shares in the last quarter. Finally, Amerigo Asset Management boosted its position in shares of Twitter by 64.3% in the first quarter. Amerigo Asset Management now owns 6,463,910 shares of the social networking company’s stock worth $96,635,000 after buying an additional 2,528,910 shares in the last quarter. Institutional investors own 51.67% of the company’s stock.
Several research analysts have recently commented on the stock. Wells Fargo & Company restated a “hold” rating and set a $14.50 price target on shares of Twitter in a research note on Friday, May 12th. Instinet restated a “neutral” rating on shares of Twitter in a research note on Friday, June 2nd. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Twitter in a report on Saturday, June 3rd. Vetr raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.68 price objective for the company in a report on Monday, May 29th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Twitter in a report on Tuesday, May 2nd. Seventeen analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.82.
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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