Twitter, Inc. (NYSE:TWTR) General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Vijaya Gadde also recently made the following trade(s):
- On Wednesday, September 20th, Vijaya Gadde sold 15,000 shares of Twitter stock. The stock was sold at an average price of $17.66, for a total value of $264,900.00.
- On Wednesday, August 16th, Vijaya Gadde sold 15,000 shares of Twitter stock. The stock was sold at an average price of $16.07, for a total value of $241,050.00.
Twitter, Inc. (NYSE:TWTR) opened at 17.87 on Friday. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $20.88. The company has a 50 day moving average price of $17.61 and a 200 day moving average price of $17.34. The stock’s market capitalization is $13.10 billion.
Twitter (NYSE:TWTR) last issued its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Equities research analysts predict that Twitter, Inc. will post $0.33 earnings per share for the current year.
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A number of research firms recently weighed in on TWTR. Canaccord Genuity restated a “hold” rating and issued a $15.00 price target on shares of Twitter in a report on Friday. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a report on Tuesday. SunTrust Banks, Inc. restated a “hold” rating and issued a $16.00 price target on shares of Twitter in a report on Thursday, October 12th. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price target on the stock in a report on Tuesday, October 10th. Finally, Zacks Investment Research cut Twitter from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.44.
Large investors have recently modified their holdings of the business. Vivaldi Asset Management LLC acquired a new stake in shares of Twitter during the 2nd quarter valued at $7,521,000. Allen Investment Management LLC acquired a new stake in shares of Twitter during the 2nd quarter valued at $7,169,000. State of Alaska Department of Revenue boosted its stake in shares of Twitter by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock valued at $519,000 after buying an additional 12,690 shares during the period. Contrarius Investment Management Ltd boosted its stake in shares of Twitter by 17.4% during the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock valued at $99,233,000 after buying an additional 822,455 shares during the period. Finally, Prospera Financial Services Inc acquired a new stake in shares of Twitter during the 2nd quarter valued at $315,000. 49.14% of the stock is owned by institutional investors.
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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