Ned D. Segal Sells 6,000 Shares of Twitter Inc (TWTR) Stock
Twitter Inc (NYSE:TWTR) CFO Ned D. Segal sold 6,000 shares of Twitter stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $30.44, for a total value of $182,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of TWTR opened at $30.39 on Friday. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 99.17, a P/E/G ratio of 3.82 and a beta of 0.73. Twitter Inc has a 12 month low of $16.57 and a 12 month high of $47.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00.
Twitter (NYSE:TWTR) last announced its earnings results on Friday, July 27th. The social networking company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $710.54 million for the quarter, compared to the consensus estimate of $697.35 million. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. equities research analysts forecast that Twitter Inc will post 0.35 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fortis Advisors LLC acquired a new position in shares of Twitter in the 1st quarter valued at about $103,000. Centaurus Financial Inc. acquired a new position in shares of Twitter in the 1st quarter valued at about $104,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Twitter in the 2nd quarter valued at about $112,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Twitter in the 2nd quarter valued at about $113,000. Finally, Castleark Management LLC acquired a new position in shares of Twitter in the 2nd quarter valued at about $121,000. 64.51% of the stock is currently owned by hedge funds and other institutional investors.
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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