Twilio Inc. (NYSE:TWLO) CEO Sells $1,332,467.45 in Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 14,545 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the sale, the chief executive officer now owns 280,589 shares of the company’s stock, valued at $25,704,758.29. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, March 31st, Khozema Shipchandler sold 12,056 shares of Twilio stock. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28.

Twilio Price Performance

Twilio stock opened at $116.19 on Monday. The company has a market cap of $17.73 billion, a price-to-earnings ratio of -181.54, a PEG ratio of 4.30 and a beta of 1.44. The firm’s fifty day moving average is $96.78 and its 200 day moving average is $107.96. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Twilio’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Twilio

A number of hedge funds have recently bought and sold shares of the business. M&T Bank Corp raised its stake in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after purchasing an additional 85 shares in the last quarter. Allworth Financial LP raised its stake in shares of Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after acquiring an additional 94 shares during the period. Woodward Diversified Capital LLC raised its stake in shares of Twilio by 1.5% in the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company’s stock valued at $701,000 after acquiring an additional 103 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after acquiring an additional 104 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Twilio by 1.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,430 shares of the technology company’s stock valued at $825,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TWLO shares. The Goldman Sachs Group upped their price target on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price target on shares of Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Stifel Nicolaus upped their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. UBS Group dropped their price target on shares of Twilio from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, HSBC upgraded shares of Twilio from a “reduce” rating to a “hold” rating and upped their price target for the stock from $77.00 to $99.00 in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average target price of $124.41.

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.