Robert Kaiden Sells 3,702 Shares of Twitter Inc (TWTR) Stock

Twitter Inc (NYSE:TWTR) insider Robert Kaiden sold 3,702 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $34.37, for a total transaction of $127,237.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Robert Kaiden also recently made the following trade(s):

  • On Thursday, November 1st, Robert Kaiden sold 2,374 shares of Twitter stock. The shares were sold at an average price of $34.03, for a total transaction of $80,787.22.
  • On Monday, October 1st, Robert Kaiden sold 1,362 shares of Twitter stock. The stock was sold at an average price of $28.62, for a total transaction of $38,980.44.
  • On Thursday, September 6th, Robert Kaiden sold 3,718 shares of Twitter stock. The stock was sold at an average price of $31.47, for a total transaction of $117,005.46.
  • On Tuesday, September 4th, Robert Kaiden sold 3,782 shares of Twitter stock. The stock was sold at an average price of $35.00, for a total transaction of $132,370.00.

NYSE TWTR traded up $0.57 on Wednesday, hitting $34.99. 16,153,700 shares of the company were exchanged, compared to its average volume of 29,383,625. The company has a market cap of $26.11 billion, a PE ratio of 583.17, a PEG ratio of 3.52 and a beta of 0.32. Twitter Inc has a twelve month low of $19.36 and a twelve month high of $47.79. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.27.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The company had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. Research analysts forecast that Twitter Inc will post 0.44 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Pivotal Research reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Twitter in a report on Thursday, October 25th. Nomura upped their price objective on shares of Twitter from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. Zacks Investment Research downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating in a report on Monday, October 29th. Aegis upped their price objective on shares of Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, Macquarie downgraded shares of Twitter from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $36.00 to $42.00 in a report on Wednesday, July 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.75.

Institutional investors and hedge funds have recently modified their holdings of the company. Tyers Asset Management LLC acquired a new position in shares of Twitter in the 2nd quarter valued at about $326,000. CIBC World Markets Inc. increased its holdings in shares of Twitter by 73.7% in the 2nd quarter. CIBC World Markets Inc. now owns 23,406 shares of the social networking company’s stock valued at $1,022,000 after purchasing an additional 9,933 shares during the period. American Century Companies Inc. acquired a new position in shares of Twitter in the 2nd quarter valued at about $118,445,000. Northern Trust Corp increased its holdings in shares of Twitter by 42.8% in the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after purchasing an additional 3,084,415 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Twitter by 45.6% in the 2nd quarter. Amalgamated Bank now owns 108,946 shares of the social networking company’s stock valued at $4,758,000 after purchasing an additional 34,099 shares during the period. Institutional investors own 65.14% of the company’s stock.

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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 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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