Evan Clark Williams Sells 682,242 Shares of Twitter Inc (TWTR) Stock

Twitter Inc (NYSE:TWTR) Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $30.01, for a total value of $20,474,082.42. Following the completion of the transaction, the director now owns 1,586,809 shares of the company’s stock, valued at $47,620,138.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, August 30th, Evan Clark Williams sold 682,242 shares of Twitter stock. The shares were sold at an average price of $35.45, for a total value of $24,185,478.90.
  • On Thursday, August 16th, Evan Clark Williams sold 682,242 shares of Twitter stock. The shares were sold at an average price of $32.59, for a total value of $22,234,266.78.
  • On Tuesday, July 24th, Evan Clark Williams sold 682,242 shares of Twitter stock. The shares were sold at an average price of $42.75, for a total value of $29,165,845.50.
  • On Thursday, July 12th, Evan Clark Williams sold 682,242 shares of Twitter stock. The shares were sold at an average price of $44.34, for a total value of $30,250,610.28.
  • On Tuesday, June 26th, Evan Clark Williams sold 682,242 shares of Twitter stock. The shares were sold at an average price of $44.51, for a total value of $30,366,591.42.

Shares of TWTR stock opened at $30.12 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.00 and a quick ratio of 11.00. Twitter Inc has a 12-month low of $16.57 and a 12-month high of $47.79. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 502.00, a PEG ratio of 3.82 and a beta of 0.73.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Friday, July 27th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The firm had revenue of $710.54 million during the quarter, compared to analyst estimates of $697.35 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue was up 23.8% compared to the same quarter last year. equities research analysts anticipate that Twitter Inc will post 0.35 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Fortis Advisors LLC bought a new stake in Twitter during the first quarter worth about $103,000. Centaurus Financial Inc. bought a new stake in Twitter during the first quarter worth about $104,000. Harvest Fund Management Co. Ltd bought a new stake in Twitter during the second quarter worth about $112,000. Kiley Juergens Wealth Management LLC bought a new stake in Twitter during the second quarter worth about $113,000. Finally, Castleark Management LLC bought a new stake in Twitter during the second quarter worth about $121,000. 64.51% of the stock is owned by hedge funds and other institutional investors.

TWTR has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on Twitter from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Friday, July 27th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price target on shares of Twitter in a research report on Friday, July 27th. Argus lifted their price target on Twitter from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, June 6th. ValuEngine upgraded Twitter from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research upgraded Twitter from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a research report on Saturday, July 7th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.13.

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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Insider Buying and Selling by Quarter for Twitter (NYSE:TWTR)

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