Twilio Inc. (NYSE:TWLO – Get Free Report) CEO Khozema Shipchandler sold 13,898 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $294.08, for a total transaction of $4,087,123.84. Following the completion of the transaction, the chief executive officer owned 193,305 shares in the company, valued at approximately $56,847,134.40. This trade represents a 6.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Khozema Shipchandler also recently made the following trade(s):
- On Monday, July 6th, Khozema Shipchandler sold 14,458 shares of Twilio stock. The shares were sold at an average price of $210.43, for a total transaction of $3,042,396.94.
Twilio Price Performance
TWLO stock opened at $295.23 on Monday. The firm has a 50 day simple moving average of $237.99 and a two-hundred day simple moving average of $198.02. The stock has a market cap of $45.34 billion, a PE ratio of 41.12, a P/E/G ratio of 6.04 and a beta of 1.35. Twilio Inc. has a one year low of $99.22 and a one year high of $305.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.62 and a quick ratio of 4.62.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on TWLO shares. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price objective on shares of Twilio in a report on Friday, August 7th. UBS Group increased their price target on shares of Twilio from $200.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Zacks Research downgraded shares of Twilio from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. BTIG Research restated a “buy” rating and issued a $285.00 price objective on shares of Twilio in a report on Friday, September 11th. Finally, Weiss Ratings raised shares of Twilio from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $250.39.
Check Out Our Latest Analysis on Twilio
Key Headlines Impacting Twilio
Here are the key news stories impacting Twilio this week:
- Positive Sentiment: S&P 500 inclusion is the main catalyst. Twilio will replace Warner Bros. Discovery in the S&P 500 effective October 6. Index funds that track the benchmark are expected to purchase shares, potentially increasing demand and liquidity. Twilio And Vylor Stocks Added To The S&P 500
- Positive Sentiment: Investors are also focusing on AI-related growth prospects. Coverage surrounding the index addition highlights analysts’ expectations that Twilio’s communications platform and artificial-intelligence initiatives could support further growth. The stock has risen substantially from its 52-week low ahead of the index change. S&P 500 Addition Fuels Twilio Rally
- Neutral Sentiment: CEO Khozema Shipchandler sold $4.1 million of shares, while CFO Aidan Viggiano sold $2.7 million. Both transactions reduced their holdings, but the filings state the sales were made to cover tax-withholding obligations tied to vested equity awards. That makes them less concerning than discretionary insider selling, although the transactions may attract investor attention. Twilio CEO Form 4 Filing
Institutional Trading of Twilio
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SHP Wealth Management bought a new position in shares of Twilio in the fourth quarter worth approximately $26,000. Osbon Capital Management LLC bought a new stake in Twilio in the 4th quarter worth $30,000. Ascentis Independent Advisors purchased a new position in shares of Twilio in the first quarter valued at about $33,000. Continuum Advisory LLC purchased a new position in shares of Twilio in the second quarter valued at about $33,000. Finally, Reflection Asset Management bought a new position in shares of Twilio during the fourth quarter valued at about $37,000. Institutional investors own 84.27% of the company’s stock.
About Twilio
Twilio Inc is a communications technology company that provides a cloud-based platform for businesses to engage with customers through digital channels. Its software and application programming interfaces (APIs) support communications capabilities such as voice calling, messaging, video, email, authentication and contact-center interactions.
The company’s offerings include programmable communications services, customer data and engagement tools, and contact-center solutions. Twilio also provides email services through SendGrid and customer data platform capabilities through Segment, which it acquired in 2020.
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