Twitter Inc (NYSE:TWTR) Insider Michael Montano Sells 1,250 Shares

Twitter Inc (NYSE:TWTR) insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.70, for a total value of $52,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, August 5th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $41.61, for a total value of $52,012.50.
  • On Monday, July 22nd, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $36.95, for a total value of $46,187.50.
  • On Friday, July 5th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $36.00, for a total value of $45,000.00.
  • On Thursday, June 20th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $36.30, for a total value of $45,375.00.
  • On Wednesday, June 5th, Michael Montano sold 1,250 shares of Twitter stock. The shares were sold at an average price of $36.50, for a total value of $45,625.00.

NYSE:TWTR traded up $0.51 during mid-day trading on Wednesday, hitting $42.80. The stock had a trading volume of 11,500,508 shares, compared to its average volume of 16,057,260. Twitter Inc has a twelve month low of $26.19 and a twelve month high of $43.48. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 77.82, a PEG ratio of 0.84 and a beta of 0.62. The company’s 50 day simple moving average is $39.58 and its 200 day simple moving average is $35.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.33 and a current ratio of 4.33.

Twitter (NYSE:TWTR) last issued its earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The business had revenue of $841.40 million during the quarter, compared to the consensus estimate of $828.07 million. During the same period last year, the business posted $0.17 EPS. Twitter’s revenue was up 18.4% on a year-over-year basis. As a group, equities analysts forecast that Twitter Inc will post 2.06 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Horizon Investments LLC acquired a new stake in Twitter during the first quarter worth approximately $346,000. RFG Advisory LLC acquired a new stake in Twitter during the first quarter worth approximately $229,000. Boston Advisors LLC acquired a new stake in shares of Twitter in the second quarter valued at approximately $2,839,000. Sigma Investment Counselors Inc. acquired a new stake in shares of Twitter in the first quarter valued at approximately $222,000. Finally, BB&T Corp raised its position in shares of Twitter by 25.4% in the first quarter. BB&T Corp now owns 71,542 shares of the social networking company’s stock valued at $2,352,000 after buying an additional 14,471 shares in the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

TWTR has been the subject of several analyst reports. Aegis raised their price objective on Twitter from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price objective on Twitter to $42.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Oppenheimer raised their price objective on Twitter from $33.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Deutsche Bank raised their price objective on Twitter from $35.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Finally, Guggenheim restated a “buy” rating and issued a $44.00 price objective (up previously from $41.00) on shares of Twitter in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $40.91.

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, a platform 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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