Twilio Inc. (NYSE:TWLO - Get Free Report) CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer owned 260,581 shares of the company's stock, valued at $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Khozema Shipchandler also recently made the following trade(s):
- On Thursday, April 3rd, Khozema Shipchandler sold 14,545 shares of Twilio stock. The stock was sold at an average price of $91.61, for a total transaction of $1,332,467.45.
Twilio Price Performance
Shares of TWLO traded up $3.29 during midday trading on Thursday, reaching $119.80. The stock had a trading volume of 1,603,872 shares, compared to its average volume of 2,626,465. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The company has a market capitalization of $18.29 billion, a P/E ratio of -570.45, a P/E/G ratio of 3.65 and a beta of 1.30. The firm's 50 day moving average price is $113.17 and its 200-day moving average price is $111.65. Twilio Inc. has a 52 week low of $55.38 and a 52 week high of $151.95.
Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the business earned $0.80 earnings per share. Twilio's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on TWLO shares. The Goldman Sachs Group lifted their price objective on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. Wall Street Zen cut shares of Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Piper Sandler upped their target price on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Twilio in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $126.39.
Read Our Latest Research Report on TWLO
Institutional Trading of Twilio
Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock valued at $1,086,000 after acquiring an additional 623 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Twilio by 300.5% during the fourth quarter. IFP Advisors Inc now owns 1,754 shares of the technology company's stock valued at $190,000 after purchasing an additional 1,316 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Twilio by 145.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company's stock valued at $1,254,000 after purchasing an additional 6,881 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Twilio in the 4th quarter valued at $97,000. Finally, Parkside Financial Bank & Trust increased its stake in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.
About Twilio
(
Get Free Report)
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.
See Also
Before you consider Twilio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Twilio wasn't on the list.
While Twilio currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
