Khozema Shipchandler Sells 10,834 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Twilio Stock Up 1.0 %

NYSE TWLO traded up $1.05 during trading on Wednesday, hitting $110.87. The company’s stock had a trading volume of 2,740,951 shares, compared to its average volume of 1,928,617. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $116.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $17.01 billion, a PE ratio of -43.14, a P/E/G ratio of 3.26 and a beta of 1.38. The business’s 50 day simple moving average is $103.17 and its 200-day simple moving average is $76.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TWLO. CWA Asset Management Group LLC acquired a new position in shares of Twilio in the 4th quarter valued at $3,382,000. Everence Capital Management Inc. acquired a new position in shares of Twilio in the fourth quarter valued at about $467,000. GAMMA Investing LLC raised its stake in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the last quarter. Versant Capital Management Inc boosted its position in Twilio by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company’s stock valued at $126,000 after buying an additional 484 shares during the last quarter. Finally, American Trust acquired a new position in Twilio in the 3rd quarter worth approximately $224,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $85.00 to $140.00 in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. UBS Group increased their target price on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $93.61.

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.