Twitter Inc (NYSE:TWTR) Director Evan Clark Williams sold 9,173 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $16.91, for a total value of $155,115.43. Following the completion of the transaction, the director now owns 2,692,230 shares in the company, valued at $45,525,609.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Evan Clark Williams also recently made the following trade(s):
- On Friday, August 25th, Evan Clark Williams sold 127,427 shares of Twitter stock. The shares were sold at an average price of $16.67, for a total value of $2,124,208.09.
- On Wednesday, August 9th, Evan Clark Williams sold 273,300 shares of Twitter stock. The shares were sold at an average price of $16.16, for a total value of $4,416,528.00.
- On Thursday, July 13th, Evan Clark Williams sold 42,070 shares of Twitter stock. The shares were sold at an average price of $19.26, for a total value of $810,268.20.
- On Friday, July 14th, Evan Clark Williams sold 853,700 shares of Twitter stock. The shares were sold at an average price of $19.38, for a total value of $16,544,706.00.
- On Thursday, June 29th, Evan Clark Williams sold 452,500 shares of Twitter stock. The shares were 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 shares were 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 shares were sold at an average price of $18.38, for a total value of $6,857,578.00.
Twitter Inc (NYSE:TWTR) traded down 1.42% during midday trading on Friday, hitting $16.65. The stock had a trading volume of 11,496,786 shares. Twitter Inc has a 12 month low of $14.12 and a 12 month high of $25.25. The stock’s market cap is $12.20 billion. The stock has a 50 day moving average of $17.54 and a 200 day moving average of $16.82.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The company had revenue of $574 million for the quarter, compared to analysts’ expectations of $536.63 million. Twitter had a negative net margin of 20.30% and a negative return on equity of 9.92%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Analysts expect that Twitter Inc will post $0.34 EPS for the current fiscal year.
Several brokerages have recently commented on TWTR. UBS AG restated a “sell” rating and issued a $14.00 price objective (up from $12.00) on shares of Twitter in a research report on Friday, April 28th. KeyCorp restated a “hold” rating on shares of Twitter in a research report on Friday. MKM Partners restated a “neutral” rating and issued a $18.00 price objective (up from $16.00) on shares of Twitter in a research report on Thursday, August 10th. Cowen and Company restated an “underperform” rating and issued a $14.00 price objective (up from $12.00) on shares of Twitter in a research report on Friday, July 28th. Finally, Mizuho began coverage on Twitter in a research report on Monday, August 7th. They issued an “underperform” rating and a $14.50 price objective on the stock. Sixteen investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.49.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nwam LLC increased its position in Twitter by 0.4% in the first quarter. Nwam LLC now owns 12,573 shares of the social networking company’s stock valued at $188,000 after buying an additional 50 shares during the period. Intl Fcstone Inc. increased its position in Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock valued at $221,000 after buying an additional 136 shares during the period. Rothschild Asset Management Inc. increased its position in Twitter by 0.4% in the second quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after buying an additional 151 shares during the period. Nordea Investment Management AB increased its position in Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock valued at $278,000 after buying an additional 257 shares during the period. Finally, Pacer Advisors Inc. increased its position in Twitter by 3.3% in the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock valued at $213,000 after buying an additional 456 shares during the period. 47.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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