Twitter VP Unloads $60,938 in Stock (TWTR)

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Twitter (NYSE:TWTR) VP Luca Baratta sold 1,875 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $32.50, for a total value of $60,937.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Twitter (NYSE:TWTR) traded up 4.29% on Thursday, hitting $34.31. 32,290,836 shares of the company’s stock traded hands. Twitter has a 52 week low of $29.51 and a 52 week high of $74.73. The stock’s 50-day moving average is $36.18 and its 200-day moving average is $49.20. The company’s market cap is $20.035 billion. Twitter also saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 41,082,382 shares, a drop of 18.0% from the April 30th total of 50,098,350 shares. Currently, 12.6% of the shares of the company are short sold. Based on an average trading volume of 38,827,438 shares, the days-to-cover ratio is currently 1.1 days.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.19. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 119.7% on a year-over-year basis. Analysts expect that Twitter will post $0.04 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Pacific Crest initiated coverage on shares of Twitter in a research note on Wednesday. They set an “outperform” rating and a $45.00 price target on the stock. Separately, analysts at Cantor Fitzgerald upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Nomura upgraded shares of Twitter from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 28th. They now have a $43.00 price target on the stock, up previously from $40.00. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. Twitter presently has a consensus rating of “Hold” and a consensus price target of $45.64.

Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.

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