Twitter, Inc. (NYSE:TWTR) CFO Ned D. Segal Sells 5,000 Shares of Stock

Twitter, Inc. (NYSE:TWTRGet Rating) CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $38.00, for a total value of $190,000.00. Following the completion of the sale, the chief financial officer now owns 716,333 shares in the company, valued at approximately $27,220,654. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Twitter stock opened at $37.36 on Friday. Twitter, Inc. has a fifty-two week low of $31.30 and a fifty-two week high of $73.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.58 and a current ratio of 6.58. The company has a market capitalization of $28.53 billion, a P/E ratio of 162.44 and a beta of 0.58. The stock has a 50-day simple moving average of $43.19 and a 200-day simple moving average of $40.48.

Twitter (NYSE:TWTRGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The social networking company reported $0.77 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.96. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.23 billion. Twitter had a return on equity of 3.77% and a net margin of 4.27%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. As a group, analysts forecast that Twitter, Inc. will post 0.83 earnings per share for the current year.

A number of equities research analysts have commented on the company. The Goldman Sachs Group restated a “sell” rating and issued a $30.00 target price on shares of Twitter in a research report on Friday, April 15th. Benchmark initiated coverage on Twitter in a report on Tuesday, March 1st. They issued a “hold” rating on the stock. Citigroup boosted their price objective on Twitter from $41.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, April 20th. StockNews.com upgraded Twitter from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Finally, Mizuho boosted their price objective on Twitter from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.45.

Several hedge funds have recently modified their holdings of TWTR. MV Capital Management Inc. raised its stake in shares of Twitter by 191.4% during the 1st quarter. MV Capital Management Inc. now owns 714 shares of the social networking company’s stock worth $28,000 after buying an additional 469 shares in the last quarter. Mizuho Securities Co. Ltd. grew its holdings in shares of Twitter by 750.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock worth $29,000 after acquiring an additional 660 shares during the period. Tcwp LLC acquired a new stake in shares of Twitter in the 1st quarter worth approximately $30,000. Amplius Wealth Advisors LLC acquired a new stake in shares of Twitter in the 4th quarter worth approximately $31,000. Finally, Glassman Wealth Services grew its holdings in shares of Twitter by 47.1% in the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock worth $31,000 after acquiring an additional 257 shares during the period. 91.72% of the stock is owned by institutional investors and hedge funds.

Twitter Company Profile (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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