Twitter Inc (NYSE:TWTR) VP Alexander Roetter, in an open market transaction on Wednesday, sold 981 shares of the company’s stock. The shares were sold at an average price of $39.72 and for a total value of $38,965.32, according to a filing with the SEC.

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Analyst Day gets mixed reactions

Recently Twitter Inc (NYSE:TWTR) hosted its first Analyst Day, however, investors were not much impressed with the event. Overall, analysts also had a mixed reaction, saying that the company’s management did present an impressive framework of the goals they want to achieve.

Canaccord Genuity analysts Michael Graham, Maria Ripps and Austin Moldow, in a report dated Nov. 13, maintained their Buy rating on Twitter with a price target of $56 per share. Analysts referred to the event as “confidence-inspiring” but added that more information for investors would have been better.

At the Analyst Day, management did reveal that they are targeting about $11 billion in annual revenue from the $1.3 billion annualized run rate this year. And to achieve such numbers, Twitter plans to quadruple the ad load from 1.3% currently to 5%. The company also intends to double its user base from 285 million to 560 million.

Consensus rating of Hold for Twitter

So far in November, many analysts have given their verdict on Twitter Inc (NYSE:TWTR). In a research note on Nov. 13, analysts at CRT Capital reiterated their Buy rating on the stock with a price target of $54. Goldman Sachs analysts, in a research note on Nov. 13, also reiterated their Buy rating on the micro-blogging firm. Analysts at Monness Crespi & Hardt initiated coverage on the stock with a research note on Nov. 3, setting a Neutral rating and a price target of $40. Presently, Twitter has an average rating of Hold and a consensus price target of $50.91.

Twitter Inc (NYSE:TWTR) shares dropped by approximately 6% last week when U.S. rating agency Standard & Poor assigned a “junk” status to the company’s debt. “The company is investing very aggressively in growth. Depending on the level of business reinvestment, Twitter may not generate positive discretionary cash flow until 2016,” S&P said in a note.

At 9.30 am today, Twitter Inc (NYSE:TWTR) shares were down .60% at $39.47, and year to date, shares are down by almost 38%.