Insider Selling in Twitter (TWTR) Shares Continues

Friday, December 29, 2017 10:15 PM ET

Insider Selling in Twitter (TWTR) Shares Continues

A filing with the SEC today indicated a substantial insider sale of Twitter shares as — Evan Clark Williams, Director — disposed of 546,200 shares in the company having a market value of approximately $13,264,851. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 3,720,715 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 4,266,915 shares and have averaged 1,066,729 shares per transaction over this time period.

The number of buy-sell trades for Twitter is close to that of the 11 member peer company average. The Social Media & Networking peer group saw 42 buy/sell trades during this period for an average of 3.8 transactions per company. However, the number of shares per buy/sell trade transacted by Twitter insiders is higher. Within the peer group there were 84,469 shares purchased and 6,608,824 shares sold with company insiders selling 155,342 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data sourced to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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