Twilio Inc. (NYSE:TWLO) CEO Sells $1,155,929.28 in Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 6th, Khozema Shipchandler sold 10,834 shares of Twilio stock. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72.

Twilio Stock Performance

TWLO stock opened at $83.40 on Friday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $12.73 billion, a PE ratio of -130.32, a P/E/G ratio of 4.30 and a beta of 1.50. The business’s 50-day moving average price is $118.19 and its two-hundred day moving average price is $101.58.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

TWLO has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Monness Crespi & Hardt increased their price target on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group lifted their price objective on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC increased their target price on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $185.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Institutional Investors Weigh In On Twilio

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Twilio by 13.0% in the 4th quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company’s stock valued at $642,000 after acquiring an additional 685 shares in the last quarter. 111 Capital acquired a new stake in shares of Twilio in the 4th quarter valued at about $232,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Twilio by 31.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,207 shares of the technology company’s stock valued at $2,076,000 after purchasing an additional 4,595 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Twilio during the fourth quarter worth about $5,283,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Twilio during the fourth quarter worth about $8,867,000. Institutional investors own 84.27% of the company’s stock.

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.