Twitter, Inc. (TWTR) Director Sells $42,126,318.00 in Stock

Twitter, Inc. (NYSE:TWTR) Director Evan Clark Williams sold 2,000,300 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total value of $42,126,318.00. Following the completion of the sale, the director now owns 2,530,241 shares of the company’s stock, valued at approximately $53,286,875.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Thursday, October 12th, Evan Clark Williams sold 409,115 shares of Twitter stock. The shares were sold at an average price of $17.95, for a total value of $7,343,614.25.
  • On Monday, September 25th, Evan Clark Williams sold 9,845 shares of Twitter stock. The shares were sold at an average price of $17.02, for a total value of $167,561.90.
  • On Tuesday, September 26th, Evan Clark Williams sold 319,385 shares of Twitter stock. The shares were sold at an average price of $16.92, for a total value of $5,403,994.20.
  • On Wednesday, September 13th, Evan Clark Williams sold 546,200 shares of Twitter stock. The shares were sold at an average price of $18.15, for a total value of $9,913,530.00.
  • On Thursday, August 24th, Evan Clark Williams sold 9,173 shares of Twitter stock. The shares were sold at an average price of $16.91, for a total value of $155,115.43.
  • 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.

Shares of Twitter, Inc. (NYSE TWTR) opened at $19.90 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 9.79 and a current ratio of 10.40.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $586.22 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. research analysts predict that Twitter, Inc. will post 0.02 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank increased its stake in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after acquiring an additional 1,333 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in Twitter by 112.3% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after acquiring an additional 4,645 shares during the last quarter. Federated Investors Inc. PA bought a new stake in Twitter during the second quarter worth approximately $174,000. Berkshire Asset Management LLC PA bought a new stake in Twitter during the third quarter worth approximately $184,000. Finally, NEXT Financial Group Inc increased its stake in Twitter by 6.3% during the second quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after acquiring an additional 650 shares during the last quarter. 49.50% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on TWTR. Canaccord Genuity raised their target price on Twitter from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, October 27th. J P Morgan Chase & Co raised their target price on Twitter from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Vetr raised Twitter from a “hold” rating to a “buy” rating and set a $22.96 price objective for the company in a research report on Monday, October 30th. Zacks Investment Research raised Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Tuesday. Finally, Robert W. Baird raised their price objective on Twitter to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Thirteen research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.44.

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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