Insider Sale: Twilio Inc. (NYSE: TWLO) COO Sells 1,765 Shares

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Twilio Inc. (NYSE:TWLO – Get Rating) COO Khozema Shipchandler sold 1,765 shares of the company in a trade on Thursday, June 30. The shares were sold at an average price of $81.10, for a total value of $143,141.50. Following the completion of the sale, the COO now owns 91,454 shares of the company, valued at approximately $7,416,919.40. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website.

Khozema Shipchandler also recently completed the following trade(s):

  • On Thursday, May 19, Khozema Shipchandler sold 3,330 Twilio shares. The shares were sold at an average price of $97.61, for a total value of $325,041.30.
  • On Monday, May 16, Khozema Shipchandler sold 3,600 Twilio shares. The shares were sold at an average price of $105.78, for a total value of $380,808.00.
  • On Tuesday, April 5, Khozema Shipchandler sold 1,614 Twilio shares. The shares were sold at an average price of $174.71, for a total value of $281,981.94.

Shares of TWLO opened at $85.17 on Friday. The company has a debt ratio of 0.09, a current ratio of 8.10 and a quick ratio of 8.10. Twilio Inc. has a fifty-two week low of $77.14 and a fifty-two week high of $412.68. The stock’s 50-day moving average is $100.47 and its two-hundred-day moving average is $156.45. The company has a market capitalization of $15.47 billion, a P/E ratio of -15.69 and a beta of 1.55.

Twilio (NYSE:TWLO – Get Rating) last released its results on Wednesday, May 4. The technology company reported ($0.86) earnings per share for the quarter, beating the consensus estimate of ($0.98) by $0.12. Twilio had a negative return on equity of 6.11% and a negative net margin of 30.86%. The company posted revenue of $875.36 million for the quarter, versus analyst estimates of $861.56 million. As a group, research analysts expect Twilio Inc. to post -3.4 EPS for the current year.

Several analysts have recently weighed in on TWLO shares. Stifel Nicolaus cut his price target on Twilio from $350.00 to $300.00 and set a “buy” rating for the company in a Monday, March 21 report. Royal Bank of Canada reduced its target price on Twilio from $400.00 to $200.00 in a Tuesday, May 3 report. Needham & Company LLC reduced its target price on Twilio from $350.00 to $200.00 in a Thursday, May 5 report. Oppenheimer reduced his target price on Twilio from $380.00 to $320.00 in a Thursday, May 5 report. Finally, Canaccord Genuity Group reduced its target price on Twilio from $455.00 to $245.00 and set a “buy” rating for the company in a Thursday, May 5 report. One equity research analyst gave the stock a sell rating, two issued a hold rating and nineteen gave the company a buy rating. According to data from MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.00.

Hedge funds have recently changed their stakes in the company. Vestmark Advisory Solutions Inc. increased its position in Twilio by 30.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 5,886 shares of the technology company worth $1,550,000 after buying 1,368 additional shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Twilio shares by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 496,039 shares of the technology company worth $130,628,000 after acquiring 14,406 additional shares last quarter. KRS Capital Management LLC purchased a new stake in Twilio stock during Q4 for a value of approximately $1,678,000. Allstate Corp increased its stake in Twilio shares by 324.1% during the 4th quarter. Allstate Corp now owns 16,556 shares of the technology company worth $4,360,000 after acquiring 12,652 more shares last quarter. Finally, Barings LLC purchased a new equity stake in Twilio during the 4th quarter worth approximately $432,000. 75.10% of the shares are currently held by institutional investors.

Twilio company profile (Get a rating)

Twilio Inc, together with its subsidiaries, provides a cloud-based communications platform that enables developers to create, scale, and leverage customer engagement in software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for almost any type of customer engagement, and allows developers to integrate voice, messaging, video, and email in their apps.

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Insider buying and selling by quarter for Twilio (NYSE:TWLO)



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