Twitter, Inc. (NYSE:TWTR) Director Evan Clark Williams Sells 853,700 Shares

Twitter, Inc. (NYSE:TWTR) Director Evan Clark Williams sold 853,700 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $19.38, for a total value of $16,544,706.00. Following the completion of the transaction, the director now owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Evan Clark Williams also recently made the following trade(s):

On Thursday, July 13th, Evan Clark Williams sold 42,070 shares of Twitter stock. The stock was sold at an average price of $19.26, for a total value of $810,268.20.
On Thursday, June 29th, Evan Clark Williams sold 452,500 shares of Twitter stock. The stock was sold at an average price of $17.82, for a total value of $8,063,550.00.
On Wednesday, June 14th, Evan Clark Williams sold 276,000 shares of Twitter stock. The stock was sold at an average price of $16.84, for a total value of $4,647,840.00.
On Wednesday, May 31st, Evan Clark Williams sold 373,100 shares of Twitter stock. The stock was sold at an average price of $18.38, for a total value of $6,857,578.00.
On Friday, May 12th, Evan Clark Williams sold 684,900 shares of Twitter stock. The stock was sold at an average price of $18.58, for a total value of $12,725,442.00.
On Wednesday, April 19th, Evan Clark Williams sold 273,200 shares of Twitter stock. The stock was sold at an average price of $14.52, for a total value of $3,966,864.00.

Twitter, Inc. (NYSE TWTR) traded up 1.9639% during trading on Monday, hitting $20.0257. The stock had a trading volume of 16,565,869 shares. The firm’s market capitalization is $14.53 billion. The stock has a 50 day moving average of $17.93 and a 200 day moving average of $16.73. Twitter, Inc. has a one year low of $14.12 and a one year high of $25.25.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Wednesday, April 26th. The social networking company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.27. The company had revenue of $548 million during the quarter, compared to the consensus estimate of $513.04 million. Twitter had a negative return on equity of 4.23% and a negative net margin of 17.67%. Twitter’s revenue was down 7.8% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. Equities research analysts expect that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.

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TWTR has been the topic of a number of research reports. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $16.54 price objective on the stock. in a report on Monday, March 20th. Loop Capital restated a “sell” rating and issued a $10.00 price objective on shares of Twitter in a report on Monday, March 20th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price objective on shares of Twitter in a report on Thursday, March 23rd. Royal Bank Of Canada restated a “sell” rating and issued a $12.00 price objective on shares of Twitter in a report on Monday, March 27th. Finally, Barclays PLC initiated coverage on Twitter in a report on Tuesday, March 28th. They issued an “underweight” rating and a $14.00 price objective on the stock. Sixteen research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eight have given a buy rating to the company’s stock. Twitter has an average rating of “Hold” and an average target price of $15.84.

Several hedge funds have recently modified their holdings of the stock. Independence Advisors LLC acquired a new stake in shares of Twitter during the second quarter worth approximately $231,000. Mosaic Family Wealth LLC increased its stake in shares of Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock worth $105,000 after buying an additional 875 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Twitter during the first quarter worth approximately $107,000. Nicolet Bankshares Inc. increased its stake in shares of Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock worth $117,000 after buying an additional 5,434 shares during the last quarter. Finally, Israel Discount Bank of New York GFN acquired a new stake in shares of Twitter during the fourth quarter worth approximately $163,000. 47.43% of the stock is owned by institutional investors.

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.