Insider Sale at Twitter (TWTR) Continues Selling Trend

Friday, January 12, 2018 10:15 PM ET

Insider Sale at Twitter (TWTR) Continues Selling Trend

A SEC filing today indicated a significant insider sale of Twitter shares as — Evan Clark Williams, Director — disposed of 546,300 shares in the company having a market value of approximately $13,202,953. 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 3,858,986 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 4,405,286 shares and have averaged 1,101,322 shares per transaction over this time period.

The level of buy-sell trading at Twitter is near the 11 member peer company average. The Social Media & Networking peer group saw 40 buy/sell trades during this period for an average of 3.6 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 6,729,595 shares sold with company insiders having sold 166,128 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose 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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