Twitter Inc (TWTR) VP Sells $176,120.72 in Stock
Twitter Inc (NYSE:TWTR) VP Matthew Derella sold 5,944 shares of the company’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $29.63, for a total value of $176,120.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Matthew Derella also recently made the following trade(s):
- On Tuesday, November 6th, Matthew Derella sold 15,098 shares of Twitter stock. The stock was sold at an average price of $34.34, for a total value of $518,465.32.
Shares of NYSE:TWTR opened at $33.09 on Friday. Twitter Inc has a 1 year low of $22.04 and a 1 year high of $47.79. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 551.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.24. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.27.
Institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Twitter by 42.8% during the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after acquiring an additional 3,084,415 shares in the last quarter. New Jersey Better Educational Savings Trust bought a new stake in shares of Twitter during the third quarter valued at approximately $569,000. Baird Financial Group Inc. bought a new stake in shares of Twitter during the second quarter valued at approximately $259,000. Atalanta Sosnoff Capital LLC bought a new stake in shares of Twitter during the fourth quarter valued at approximately $17,581,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Twitter by 2,046.4% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock valued at $31,365,000 after acquiring an additional 1,050,737 shares in the last quarter. 64.16% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on TWTR shares. Wedbush reiterated a “hold” rating and issued a $37.00 price objective on shares of Twitter in a report on Tuesday, October 23rd. Zacks Investment Research reiterated a “strong-buy” rating and issued a $37.00 price objective on shares of Twitter in a report on Saturday, November 17th. Pivotal Research upgraded Twitter from a “sell” rating to a “hold” rating and cut their price objective for the stock from $26.00 to $24.00 in a report on Friday, October 12th. upgraded Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a report on Friday, October 26th. Finally, UBS Group upgraded Twitter from a “market perform” rating to an “outperform” rating in a report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.60.
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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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