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Insider Sales at Twitter (TWTR) are Significant and Extend the Selling Trend of Last Quarter

05/10/2021 18:34

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.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.