Twilio Inc. (NYSE:TWLO) COO Sells $325,041.30 in Stock

Twilio Inc. (NYSE:TWLOGet Rating) COO Khozema Shipchandler sold 3,330 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $97.61, for a total value of $325,041.30. Following the transaction, the chief operating officer now directly owns 93,219 shares of the company’s stock, valued at $9,099,106.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, May 16th, Khozema Shipchandler sold 3,600 shares of Twilio stock. The shares were sold at an average price of $105.78, for a total transaction of $380,808.00.
  • On Tuesday, April 5th, Khozema Shipchandler sold 1,614 shares of Twilio stock. The shares were sold at an average price of $174.71, for a total transaction of $281,981.94.
  • On Thursday, March 31st, Khozema Shipchandler sold 1,604 shares of Twilio stock. The stock was sold at an average price of $167.94, for a total transaction of $269,375.76.
  • On Tuesday, February 22nd, Khozema Shipchandler sold 3,550 shares of Twilio stock. The shares were sold at an average price of $156.78, for a total value of $556,569.00.

TWLO traded up $1.21 during trading on Friday, hitting $103.03. 3,144,965 shares of the company’s stock were exchanged, compared to its average volume of 3,916,431. Twilio Inc. has a fifty-two week low of $87.67 and a fifty-two week high of $412.68. The stock has a market cap of $18.72 billion, a P/E ratio of -18.75 and a beta of 1.54. The business’s 50 day moving average is $134.69 and its two-hundred day moving average is $198.22. The company has a quick ratio of 8.43, a current ratio of 8.10 and a debt-to-equity ratio of 0.09.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Twilio by 25.6% during the first quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock worth $2,162,627,000 after purchasing an additional 2,678,049 shares during the last quarter. Norges Bank bought a new position in shares of Twilio during the 4th quarter worth $384,675,000. Flossbach Von Storch AG purchased a new stake in shares of Twilio in the first quarter worth about $200,903,000. Renaissance Technologies LLC grew its stake in Twilio by 631.0% during the first quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock valued at $191,789,000 after acquiring an additional 1,004,500 shares in the last quarter. Finally, ARK Investment Management LLC increased its holdings in Twilio by 23.7% during the 1st quarter. ARK Investment Management LLC now owns 5,021,261 shares of the technology company’s stock worth $827,554,000 after acquiring an additional 962,047 shares during the period. 75.10% of the stock is owned by institutional investors.

Several research firms have recently commented on TWLO. The Goldman Sachs Group cut their price objective on Twilio from $300.00 to $262.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Royal Bank of Canada decreased their price objective on shares of Twilio from $400.00 to $200.00 in a research report on Tuesday, May 3rd. Bank of America upped their price objective on Twilio from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 10th. Atlantic Securities started coverage on shares of Twilio in a research note on Tuesday, January 25th. They set an “overweight” rating and a $240.00 target price for the company. Finally, Barclays decreased their price target on shares of Twilio from $375.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $284.96.

Twilio Company Profile (Get Rating)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within 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 nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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