Twilio Inc. (NYSE:TWLO) CEO Sells $611,940.02 in Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,877 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $611,940.02. Following the transaction, the chief executive officer now directly owns 289,207 shares of the company’s stock, valued at $16,270,785.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, July 1st, Khozema Shipchandler sold 11,241 shares of Twilio stock. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89.
• On Friday, June 7th, Khozema Shipchandler sold 24,657 shares of Twilio stock. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00.

Twilio Stock Performance

NYSE TWLO opened at $57.00 on Friday. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a market cap of $9.76 billion, a PE ratio of -14.21, a price-to-earnings-growth ratio of 9.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The stock’s 50 day simple moving average is $57.82 and its 200-day simple moving average is $62.57.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. As a group, equities research analysts anticipate that Twilio Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group cut their price target on shares of Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Sanford C. Bernstein cut their price target on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $71.00 target price on shares of Twilio in a research note on Monday, May 20th. Macquarie lowered their price target on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Piper Sandler decreased their price objective on shares of Twilio from $79.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Twilio has an average rating of “Hold” and an average target price of $69.38.

Institutional Investors Weigh In On Twilio

Institutional investors and hedge funds have recently bought and sold shares of the stock. Scotia Capital Inc. raised its position in shares of Twilio by 6.3% in the 3rd quarter. Scotia Capital Inc. now owns 4,131 shares of the technology company’s stock worth $242,000 after buying an additional 243 shares during the period. Harbour Investments Inc. increased its holdings in Twilio by 8.0% in the 3rd quarter. Harbour Investments Inc. now owns 4,592 shares of the technology company’s stock valued at $269,000 after purchasing an additional 339 shares in the last quarter. American Century Companies Inc. increased its holdings in Twilio by 1.0% in the 3rd quarter. American Century Companies Inc. now owns 552,469 shares of the technology company’s stock valued at $32,336,000 after purchasing an additional 5,544 shares in the last quarter. Vanguard Group Inc. increased its holdings in Twilio by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock valued at $1,028,245,000 after purchasing an additional 445,877 shares in the last quarter. Finally, Doliver Advisors LP acquired a new stake in Twilio in the 4th quarter valued at $219,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.