Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler Sells 13,595 Shares

Twilio Inc. (NYSE:TWLO - Get Free Report) CEO Khozema Shipchandler sold 13,595 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the sale, the chief executive officer owned 246,986 shares in the company, valued at approximately $28,912,181.16. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 30th, Khozema Shipchandler sold 20,008 shares of Twilio stock. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24.

Twilio Trading Up 0.6%

NYSE:TWLO traded up $0.73 during trading hours on Tuesday, hitting $122.22. 1,484,777 shares of the company were exchanged, compared to its average volume of 2,627,726. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of -582.00, a price-to-earnings-growth ratio of 3.74 and a beta of 1.30. Twilio Inc. has a one year low of $55.38 and a one year high of $151.95. The company has a fifty day simple moving average of $114.73 and a 200 day simple moving average of $111.96. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Sell-side analysts expect 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 added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in shares of Twilio during the first quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Twilio in the 1st quarter valued at about $28,000. TCTC Holdings LLC increased its position in Twilio by 118.1% in the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after buying an additional 183 shares in the last quarter. Cloud Capital Management LLC acquired a new position in Twilio during the 1st quarter worth approximately $34,000. Finally, UMB Bank n.a. bought a new position in Twilio in the first quarter worth approximately $37,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TWLO. Scotiabank increased their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. UBS Group reduced their price target on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen lowered Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Tigress Financial reiterated a "buy" rating and set a $170.00 target price on shares of Twilio in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Twilio in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has an average rating of "Moderate Buy" and a consensus price target of $126.39.

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.

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