Insider Sales at Twitter (TWTR) are Significant and Extend the Selling Trend of Last Quarter
10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was a notable level of share sales at Twitter today, as revealed in filings with the SEC. Two insiders -- Robert Kaiden, Officer, and Matthew Derella, Officer -- disposed of 27,754 shares in the company having a market value of approximately $1,500,078. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 85,145 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 112,899 shares and have averaged 14,112 shares per transaction over this time period.
Today's Insider Activity
Compared to its peers over the last 90 days, insider buy/sell trading at Twitter is above the 13-company peer group average. Social Media & Networking peer group saw 21 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 0 shares purchased and 124,728 shares sold with company insiders having sold 5,939 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in evaluating and writing this story.
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