Bidness Etc highlights recent insider selling at Twitter, Ciena, and Tableau Software
Bidness Etc sheds light on recent insider selling at Twitter Inc (NYSE:TWTR), Ciena Corporation (NYSE:CIEN), and Tableau Software Inc (NYSE:DATA). The financial details of the trades are reported as follows.
Senior VP of Engineering, Alexander Roetter, sold 12,361 shares (1.35% of his stake in Twitter) for $341,350 through one transaction dated September 1. After making this sale, Mr. Roetter owns the leftover 902,997 shares, valued at $25,554,815 as of Thursday.
Secretary and general counsel, Vijaya Gadde, sold 16,940 shares (2.44% of her stake in Twitter) for $462,291 via one transaction on September 1. Following this, Ms. Gadde now controls the remaining 678,095 shares, priced at $19,190,088 as of Thursday.
Twitter shares ticked up 1.73% and traded at $28.30 on Thursday’s close. According to a recent revelation made by cofounder Jack Dorsey, the social media network’s 140-character limit was unintentional, as it took on from the 160-character limit in short message service (sms).
Ciena Corporation
Chief technology officer and senior VP, Stephen B. Alexander, sold 3,750 shares (2.62% of his stake in Ciena) for $82,275 through one transaction dated September 1. Following this sale, Mr. Alexander has 139,182 shares, priced at $3,198,402 as of Thursday.
Ciena stock rose 2.18% and closed at $22.98 on Thursday, following its disclosure of third quarter fiscal '15 (3QFY15) earnings yesterday that topped the Street’s earnings estimates.
Tableau Software
CFO Thomas E. Walker sold 20,000 shares (25.38% of his stake in Tableau Software) for $1,861,600 through one transaction on September 1. After making this sale, Mr. Walker now has 58,785 shares, valued at $5,589,278 as of Thursday.
Tableau Software shares fell 0.44% and traded at $95.08 on Thursday’s close. The company’s stock was upgraded from a Buy to a Strong-Buy rating at equity firm Vetr on Tuesday.
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