Recent insider trends for Twitter, Inc. (NYSE:TWTR) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how TWTR might perform in the future.
Institutions own 50.48% of Twitter, Inc. (TWTR)’s shares. The total value of these holdings, in millions, is $9,529. Among active positions in the latest quarter, 242 holders increased their positions by a total of 41.29 million shares, 209 holders decreased the positions by a total of 28.16 million shares, and 93 holders held their positions. This works out to a net increase in ownership of 13.13 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 74 holders initiated new positions by a total of 19.68 million shares and 63 holders exited their positions by a total of 9.34 million shares. This nets out to an increase of 10.35 million shares and is a bullish sign for TWTR.
In the last three months, insiders executed a total of 42 trades. 1 of these were buys and 41 were sells. Insider ownership decreased by a total of 7.16 million shares, which suggests that TWTR’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 13 buys and 139 sells, and ownership decreased by a net of 11.18 million shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Twitter, Inc. (NYSE:TWTR)’s short interest is 37.98 million shares, or % of the float. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TWTR is a Strong buy, which implies that TWTR is expected to outperform the market based on prior trading patterns.