Twilio Inc. (NYSE:TWLO) CEO Sells $611,940.02 in Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,877 shares of the firm’s 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 sale, the chief executive officer now owns 289,207 shares in the company, valued at $16,270,785.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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 Trading Up 1.7 %

NYSE:TWLO opened at $57.00 on Friday. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. The firm has a market cap of $9.76 billion, a P/E ratio of -14.21, a P/E/G ratio of 9.69 and a beta of 1.35. The firm has a 50-day simple moving average of $57.82 and a 200-day simple moving average of $62.57.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. Equities analysts anticipate that Twilio Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of research reports. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Needham & Company LLC reissued a “buy” rating and issued a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. Macquarie dropped their price objective 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. Sanford C. Bernstein dropped their price target on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Finally, Canaccord Genuity Group decreased their price objective on shares of Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.38.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Tidal Investments LLC raised its stake in shares of Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Twilio by 14.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after purchasing an additional 167 shares during the last quarter. Blue Zone Wealth Advisors LLC grew its position in Twilio by 4.0% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after purchasing an additional 181 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Twilio by 1.8% in the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after acquiring an additional 185 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Twilio by 29.0% in the 1st quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock valued at $51,000 after acquiring an additional 189 shares during the last quarter. 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.