37,986 Shares in Twitter, Inc. (TWTR) Purchased by Boothbay Fund Management LLC
Boothbay Fund Management LLC purchased a new stake in Twitter, Inc. (NYSE:TWTR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,986 shares of the social networking company’s stock, valued at approximately $641,000.
Other hedge funds also recently made changes to their positions in the company. Exane Derivatives increased its stake in shares of Twitter by 18.7% in the 3rd quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock valued at $1,004,000 after acquiring an additional 9,363 shares during the last quarter. Vivaldi Asset Management LLC bought a new stake in Twitter during the 2nd quarter worth approximately $7,521,000. Allen Investment Management LLC bought a new stake in Twitter during the 2nd quarter worth approximately $7,169,000. Contrarius Investment Management Ltd increased its stake in Twitter by 17.4% during the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after purchasing an additional 822,455 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares in the last quarter. 50.83% of the stock is owned by institutional investors.
In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.66, for a total transaction of $264,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 6,032,830 shares of company stock valued at $122,125,443. 10.79% of the stock is currently owned by insiders.
Twitter, Inc. (NYSE TWTR) traded up $0.09 during midday trading on Friday, hitting $21.10. The stock had a trading volume of 14,865,480 shares, compared to its average volume of 13,869,490. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $22.48.
Twitter (NYSE:TWTR) last released its quarterly earnings data 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. The company had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. sell-side analysts forecast that Twitter, Inc. will post 0.02 earnings per share for the current year.
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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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