Twitter Inc (TWTR) VP Sells $37,750.00 in Stock

Twitter Inc (NYSE:TWTR) VP Michael Montano sold 1,250 shares of the business’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $30.20, for a total transaction of $37,750.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Michael Montano also recently made the following trade(s):

  • On Thursday, December 20th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $32.59, for a total transaction of $40,737.50.
  • On Thursday, December 6th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $32.42, for a total transaction of $40,525.00.
  • On Tuesday, November 20th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $30.20, for a total transaction of $37,750.00.
  • On Monday, October 22nd, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $29.05, for a total transaction of $36,312.50.

TWTR stock opened at $33.09 on Friday. The company has a market cap of $24.55 billion, a P/E ratio of 551.50, a PEG ratio of 2.91 and a beta of 0.24. Twitter Inc has a fifty-two week low of $22.04 and a fifty-two week high of $47.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The company had revenue of $758.11 million for the quarter, compared to analyst estimates of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. Analysts anticipate that Twitter Inc will post 0.46 EPS for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday. JPMorgan Chase & Co. set a $44.00 target price on shares of Twitter and gave the company a “buy” rating in a research report on Thursday. CIBC raised shares of Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research report on Friday, October 26th. Guggenheim initiated coverage on shares of Twitter in a research report on Thursday, December 6th. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $28.00 target price on shares of Twitter in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.60.

Institutional investors have recently made changes to their positions in the business. Rehmann Capital Advisory Group increased its stake in Twitter by 50.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock valued at $52,000 after purchasing an additional 613 shares during the last quarter. Castleark Management LLC purchased a new position in Twitter in the second quarter valued at approximately $121,000. Paradigm Asset Management Co. LLC purchased a new position in Twitter in the third quarter valued at approximately $91,000. Focused Wealth Management Inc boosted its holdings in shares of Twitter by 144.3% in the second quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock valued at $140,000 after acquiring an additional 1,900 shares during the period. Finally, Exane Derivatives boosted its holdings in shares of Twitter by 303.0% in the third quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock valued at $104,000 after acquiring an additional 2,754 shares during the period. Institutional investors own 64.16% of the company’s stock.

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Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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