Matthew Derella Sells 4,669 Shares of Twitter Inc (NYSE:TWTR) Stock

Twitter Inc (NYSE:TWTR) VP Matthew Derella sold 4,669 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $36.16, for a total transaction of $168,831.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Matthew Derella also recently made the following trade(s):

  • On Monday, June 3rd, Matthew Derella sold 10,793 shares of Twitter stock. The stock was sold at an average price of $35.31, for a total transaction of $381,100.83.
  • On Friday, May 3rd, Matthew Derella sold 18,002 shares of Twitter stock. The stock was sold at an average price of $40.36, for a total transaction of $726,560.72.

Twitter stock opened at $37.47 on Thursday. The company has a 50 day moving average price of $36.41. Twitter Inc has a 1-year low of $26.19 and a 1-year high of $45.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.47 and a current ratio of 4.47. The stock has a market cap of $29.05 billion, a PE ratio of 68.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.31. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The business had revenue of $787.00 million during the quarter, compared to analysts’ expectations of $775.16 million. During the same quarter in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts forecast that Twitter Inc will post 0.67 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Twitter in the fourth quarter worth $135,000. Standard Life Aberdeen plc increased its position in Twitter by 6.0% in the fourth quarter. Standard Life Aberdeen plc now owns 250,373 shares of the social networking company’s stock worth $7,181,000 after buying an additional 14,077 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Twitter in the fourth quarter worth $268,000. CIBC Asset Management Inc increased its position in Twitter by 3.0% in the fourth quarter. CIBC Asset Management Inc now owns 65,587 shares of the social networking company’s stock worth $1,885,000 after buying an additional 1,913 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Twitter by 3.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 501,007 shares of the social networking company’s stock worth $13,800,000 after buying an additional 15,654 shares during the last quarter. 67.09% of the stock is owned by institutional investors and hedge funds.

TWTR has been the subject of a number of research reports. Zacks Investment Research cut shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. cut their target price on shares of Teck Resources from C$56.00 to C$55.00 in a research note on Wednesday, April 24th. Oppenheimer initiated coverage on shares of Kala Pharmaceuticals in a research note on Wednesday, April 24th. They set an “outperform” rating and a $11.00 target price for the company. Deutsche Bank boosted their target price on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, Consumer Edge initiated coverage on shares of Twitter in a research note on Friday, May 17th. They set an “equal weight” rating and a $38.30 target price for the company. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.58.

About Twitter

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

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