Twitter, Inc. (NYSE:TWTR) CAO Robert Kaiden Sells 17,695 Shares

Twitter, Inc. (NYSE:TWTRGet Rating) CAO Robert Kaiden sold 17,695 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $50.50, for a total value of $893,597.50. Following the sale, the chief accounting officer now owns 173,721 shares of the company’s stock, valued at approximately $8,772,910.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of TWTR opened at $49.80 on Friday. The firm’s 50-day moving average is $42.26 and its two-hundred day moving average is $43.24. Twitter, Inc. has a twelve month low of $31.30 and a twelve month high of $73.34. The company has a current ratio of 6.58, a quick ratio of 5.89 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $38.03 billion, a P/E ratio of 216.53 and a beta of 0.56.

Twitter (NYSE:TWTRGet Rating) last released its quarterly earnings results on Thursday, April 28th. The social networking company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.87. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Twitter had a return on equity of 3.77% and a net margin of 4.27%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Analysts predict that Twitter, Inc. will post 0.86 EPS for the current year.

Twitter announced that its board has approved a stock repurchase plan on Thursday, February 10th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the social networking company to purchase up to 14% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several analysts have recently weighed in on TWTR shares. Wolfe Research reduced their price objective on shares of Twitter from $52.00 to $45.00 and set a “peer perform” rating for the company in a research report on Friday, February 11th. Benchmark started coverage on Twitter in a research report on Tuesday, March 1st. They set a “hold” rating on the stock. BMO Capital Markets decreased their target price on Twitter from $65.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, February 11th. Citigroup lifted their price target on Twitter from $41.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 20th. Finally, Morgan Stanley increased their price objective on Twitter from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Friday, February 11th. Two analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Twitter presently has an average rating of “Hold” and an average target price of $49.83.

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Twitter by 3.7% in the third quarter. PNC Financial Services Group Inc. now owns 141,510 shares of the social networking company’s stock worth $8,547,000 after acquiring an additional 5,106 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Twitter by 1,360.7% in the 3rd quarter. Moors & Cabot Inc. now owns 85,000 shares of the social networking company’s stock valued at $87,000 after purchasing an additional 79,181 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Twitter by 8.4% during the 3rd quarter. Keybank National Association OH now owns 17,106 shares of the social networking company’s stock worth $1,033,000 after purchasing an additional 1,330 shares during the last quarter. Americana Partners LLC raised its position in shares of Twitter by 138.4% in the third quarter. Americana Partners LLC now owns 5,461 shares of the social networking company’s stock valued at $329,000 after buying an additional 3,170 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Twitter by 425.3% during the third quarter. Synovus Financial Corp now owns 54,374 shares of the social networking company’s stock valued at $3,286,000 after buying an additional 44,022 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.

About Twitter (Get Rating)

Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

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