Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler Sells 10,877 Shares

Twilio Inc. (NYSE:TWLOGet Free Report) CEO Khozema Shipchandler sold 10,877 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $611,940.02. Following the completion of the sale, the chief executive officer now owns 289,207 shares of the company’s stock, valued at approximately $16,270,785.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 Down 1.7 %

TWLO stock opened at $56.40 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The company’s 50-day moving average price is $58.01 and its two-hundred day moving average price is $62.65.

Twilio (NYSE:TWLOGet Free Report) last released its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, analysts predict that Twilio Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird cut their price target on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday, April 17th. Macquarie cut their target price on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Canaccord Genuity Group cut their target price on shares of Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $71.00 target price on shares of Twilio in a research note on Monday, May 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.48.

Check Out Our Latest Stock Analysis on Twilio

Hedge Funds Weigh In On Twilio

Hedge funds have recently bought and sold shares of the company. Lynx Investment Advisory bought a new stake in shares of Twilio during the 2nd quarter valued at approximately $45,000. Mather Group LLC. grew its holdings in shares of Twilio by 10,146.7% during the 2nd quarter. Mather Group LLC. now owns 1,537 shares of the technology company’s stock valued at $94,000 after purchasing an additional 1,522 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Twilio by 19.1% during the 2nd quarter. DNB Asset Management AS now owns 29,607 shares of the technology company’s stock valued at $1,682,000 after purchasing an additional 4,758 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. Finally, EULAV Asset Management grew its holdings in shares of Twilio by 40.9% during the 1st 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 during the last quarter. 84.27% of the stock is owned by institutional investors.

About Twilio

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Twilio (NYSE:TWLO)

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