Twitter, Inc. (TWTR) Director Evan Clark Williams Sells 276,000 Shares of Stock

Twitter, Inc. (NYSE:TWTR) Director Evan Clark Williams sold 276,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $16.84, for a total transaction of $4,647,840.00. Following the completion of the sale, the director now directly owns 2,816,819 shares in the company, valued at approximately $47,435,231.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Evan Clark Williams also recently made the following trade(s):

  • On Wednesday, May 31st, Evan Clark Williams sold 373,100 shares of Twitter stock. The stock was sold at an average price of $18.38, for a total transaction of $6,857,578.00.
  • On Friday, May 12th, Evan Clark Williams sold 684,900 shares of Twitter stock. The stock was sold at an average price of $18.58, for a total transaction of $12,725,442.00.
  • On Wednesday, April 19th, Evan Clark Williams sold 273,200 shares of Twitter stock. The stock was sold at an average price of $14.52, for a total transaction of $3,966,864.00.
  • On Monday, April 3rd, Evan Clark Williams sold 9,173 shares of Twitter stock. The stock was sold at an average price of $14.76, for a total transaction of $135,393.48.
  • On Tuesday, April 4th, Evan Clark Williams sold 273,300 shares of Twitter stock. The stock was sold at an average price of $14.71, for a total transaction of $4,020,243.00.

Twitter, Inc. (NYSE TWTR) traded down 0.95% during trading on Friday, hitting $16.67. 9,939,429 shares of the company were exchanged. The stock’s market capitalization is $12.09 billion. The firm’s 50 day moving average price is $18.01 and its 200-day moving average price is $16.78. Twitter, Inc. has a 1-year low of $14.12 and a 1-year high of $25.25.

Twitter (NYSE:TWTR) last issued its earnings results on Wednesday, April 26th. The social networking company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.27. The firm had revenue of $548 million for the quarter, compared to analyst estimates of $513.04 million. Twitter had a negative return on equity of 4.23% and a negative net margin of 17.67%. Twitter’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Equities analysts predict that Twitter, Inc. will post $0.33 EPS for the current year.

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

TRADEMARK VIOLATION WARNING: This article was published by sleekmoney and is owned by of sleekmoney. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://sleekmoney.com/twitter-inc-twtr-director-evan-clark-williams-sells-276000-shares-of-stock/1916641.html.

A number of large investors have recently modified their holdings of the stock. Nwam LLC raised its stake in shares of Twitter by 0.4% in the first quarter. Nwam LLC now owns 12,573 shares of the social networking company’s stock worth $188,000 after buying an additional 50 shares in the last quarter. Intl Fcstone Inc. raised its stake in Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock valued at $221,000 after buying an additional 136 shares in the last quarter. Nordea Investment Management AB raised its stake in Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock valued at $278,000 after buying an additional 257 shares in the last quarter. Atria Investments LLC raised its stake in Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock valued at $156,000 after buying an additional 268 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Twitter by 3.3% in the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock valued at $213,000 after buying an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 51.67% of the company’s stock.

A number of analysts recently weighed in on the stock. Instinet reaffirmed a “neutral” rating and set a $13.00 target price on shares of Twitter in a report on Thursday, February 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $16.00 target price (down previously from $20.00) on shares of Twitter in a report on Thursday, February 16th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Twitter in a report on Saturday, June 3rd. BidaskClub cut shares of Twitter from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price target (down previously from $23.00) on shares of Twitter in a research note on Thursday, February 16th. Seventeen equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.82.

About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/twitter-inc-twtr-director-evan-clark-williams-sells-276000-shares-of-stock/1916641.html

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

 

Leave a Reply

Your email address will not be published. Required fields are marked *