Twilio Inc. (NYSE:TWLO) CEO Sells $632,755.89 in Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 11,241 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the sale, the chief executive officer now owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Price Performance

TWLO traded down $0.72 on Wednesday, reaching $56.50. The company had a trading volume of 1,262,498 shares, compared to its average volume of 3,008,563. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company has a market capitalization of $9.67 billion, a P/E ratio of -14.07, a PEG ratio of 9.59 and a beta of 1.35. The company has a fifty day moving average of $58.39 and a 200-day moving average of $63.34. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11.

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

Analyst Ratings Changes

A number of brokerages have commented on TWLO. Canaccord Genuity Group reduced their price objective on Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Jefferies Financial Group dropped their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Wells Fargo & Company lowered their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, March 6th. Oppenheimer reiterated an “outperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $50.00 target price on shares of Twilio in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.48.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently modified their holdings of TWLO. GAMMA Investing LLC boosted its holdings in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the period. EULAV Asset Management lifted its holdings in shares of Twilio by 40.9% in the first quarter. EULAV Asset Management now owns 124,000 shares of the technology company’s stock valued at $7,583,000 after purchasing an additional 35,972 shares in the last quarter. Goldentree Asset Management LP purchased a new position in shares of Twilio during the first quarter valued at $31,745,000. Cetera Advisors LLC boosted its position in Twilio by 157.3% during the 1st quarter. Cetera Advisors LLC now owns 13,990 shares of the technology company’s stock worth $855,000 after acquiring an additional 8,553 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Twilio by 116.5% in the 1st quarter. Cetera Investment Advisers now owns 55,878 shares of the technology company’s stock valued at $3,417,000 after purchasing an additional 30,071 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.