Twitter (TWTR) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
10:19 PM EST, 02/04/2021 (MT Newswires) -- Two insiders -- Robert Kaiden, Officer, and Matthew Derella, Officer -- today, sold 46,081 shares of Twitter having a market value of approximately $2,425,945, as reported in form 4 documents filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 371,348 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 417,429 shares and have averaged 59,633 shares per transaction over this time period.
Today's Insider Activity
Insiders at Twitter have a higher number of buy/sell transactions than the 13-peer company average over the last 90-day period. The Social Media & Networking peer group saw 35 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 5,000 shares purchased and 480,530 shares sold with company insiders having sold 13,587 shares on average.
The data used in evaluating and writing in this story eliminates 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.
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