Significant Insider Selling Continues at Twitter (TWTR)

Tuesday, February 20, 2018 10:15 PM ET

Significant Insider Selling Continues at Twitter (TWTR)

An insider — Evan Clark Williams, Director — sold 546,200 shares of Twitter having a market value of approximately $18,221,449 today, as disclosed in a form 4 document filed with the SEC. 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 sale of 2,272,438 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,818,638 shares and have averaged 704,660 shares per transaction over this time period.

The level of buy/sell trading at Twitter is is higher than the 11 peer company average over the last 90-day period. The Social Media & Networking peer group saw 27 buy/sell trades during this period for an average of 2.5 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 20,540 shares purchased and 2,761,330 shares sold with company insiders selling 101,511 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 obtained to evaluate 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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