Twitter, Inc. (NYSE:TWTR) CAO Robert Kaiden sold 7,802 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $17.67, for a total value of $137,861.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Robert Kaiden also recently made the following trade(s):
Twitter, Inc. (NYSE:TWTR) traded up 2.52% during midday trading on Wednesday, hitting $18.72. The stock had a trading volume of 37,419,148 shares. The firm’s market capitalization is $13.26 billion. The firm has a 50-day moving average of $17.06 and a 200 day moving average of $18.39. Twitter, Inc. has a 52-week low of $13.73 and a 52-week high of $25.25.
A number of large investors have recently added to or reduced their stakes in the company. Bank Hapoalim BM increased its stake in Twitter by 49.1% in the second quarter. Bank Hapoalim BM now owns 16,910 shares of the social networking company’s stock valued at $286,000 after buying an additional 5,565 shares in the last quarter. GMT Capital Corp boosted its position in Twitter by 79.9% in the second quarter. GMT Capital Corp now owns 702,600 shares of the social networking company’s stock worth $11,881,000 after buying an additional 312,000 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Twitter by 6.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 31,185 shares of the social networking company’s stock worth $527,000 after buying an additional 2,000 shares during the last quarter. Convector Capital Management LP purchased a new position in Twitter during the second quarter worth approximately $710,000. Finally, Truepoint Inc. purchased a new position in Twitter during the second quarter worth approximately $196,000. Institutional investors own 44.76% of the company’s stock.
Several brokerages have issued reports on TWTR. BTIG Research upgraded Twitter from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.26 to $25.00 in a report on Wednesday. Mizuho reiterated an “underperform” rating on shares of Twitter in a report on Thursday, November 10th. RBC Capital Markets reiterated an “underperform” rating and issued a $14.00 price target on shares of Twitter in a report on Saturday, January 14th. MKM Partners restated a “neutral” rating and issued a $18.50 target price on shares of Twitter in a report on Tuesday, November 15th. Finally, Wedbush restated a “neutral” rating and issued a $14.00 target price on shares of Twitter in a report on Thursday, December 15th. Twelve investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.89.
Twitter Company Profile
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.