Twitter Inc (NYSE:TWTR) Director David S. Rosenblatt Sells 40,000 Shares

Share on StockTwits

Twitter Inc (NYSE:TWTR) Director David S. Rosenblatt sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $40.04, for a total transaction of $1,601,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

TWTR stock opened at $40.09 on Friday. Twitter Inc has a 52 week low of $26.19 and a 52 week high of $43.48. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $35.70. The firm has a market capitalization of $31.28 billion, a P/E ratio of 72.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The business had revenue of $841.40 million during the quarter, compared to analyst estimates of $828.07 million. During the same quarter last year, the business earned $0.17 earnings per share. Twitter’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that Twitter Inc will post 2.06 EPS for the current year.

A number of analysts have commented on TWTR shares. Moffett Nathanson reduced their target price on shares of Twitter from $28.00 to $25.00 and set a “sell” rating for the company in a report on Thursday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $35.00 target price (up from $32.00) on shares of Twitter in a report on Tuesday, August 6th. Aegis upped their target price on shares of Twitter from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Cfra raised shares of Twitter to a “hold” rating and set a $41.00 price objective for the company in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Twitter from $40.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.91.

Hedge funds have recently added to or reduced their stakes in the business. RFG Advisory LLC lifted its holdings in shares of Twitter by 69.8% in the 2nd quarter. RFG Advisory LLC now owns 11,830 shares of the social networking company’s stock worth $415,000 after acquiring an additional 4,862 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Twitter by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 110,316 shares of the social networking company’s stock worth $3,850,000 after acquiring an additional 497 shares during the last quarter. Waddell & Reed Financial Inc. increased its stake in Twitter by 58.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,861,376 shares of the social networking company’s stock worth $64,962,000 after buying an additional 688,776 shares during the period. Essex Investment Management Co. LLC increased its stake in Twitter by 8,150.8% in the 2nd quarter. Essex Investment Management Co. LLC now owns 72,112 shares of the social networking company’s stock worth $2,517,000 after buying an additional 71,238 shares during the period. Finally, Doyle Wealth Management purchased a new position in Twitter in the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 66.81% of the company’s stock.

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, a platform 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.

See Also: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.