Insider Selling: Twilio Inc. (NYSE:TWLO) CEO Sells 14,545 Shares of Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 14,545 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the transaction, the chief executive officer now owns 280,589 shares in the company, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 31st, Khozema Shipchandler sold 12,056 shares of Twilio stock. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28.

Twilio Stock Up 1.7%

NYSE:TWLO opened at $116.19 on Monday. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $17.73 billion, a P/E ratio of -181.54, a P/E/G ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company’s 50-day simple moving average is $96.78 and its 200-day simple moving average is $107.96.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $0.80 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on TWLO shares. Tigress Financial restated a “buy” rating and issued a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. William Blair restated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Jefferies Financial Group cut their price target on shares of Twilio from $145.00 to $108.00 and set a “hold” rating on the stock in a report on Monday, April 28th. Finally, The Goldman Sachs Group upped their price target on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and an average target price of $124.41.

Institutional Trading of Twilio

A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Twilio by 2,302.4% in the 1st quarter. Empowered Funds LLC now owns 65,416 shares of the technology company’s stock valued at $6,405,000 after buying an additional 62,693 shares in the last quarter. Ascent Group LLC purchased a new position in shares of Twilio in the 1st quarter valued at approximately $313,000. Caxton Associates LLP purchased a new position in shares of Twilio in the 1st quarter valued at approximately $2,875,000. Sciencast Management LP raised its position in shares of Twilio by 5.0% in the 1st quarter. Sciencast Management LP now owns 29,507 shares of the technology company’s stock valued at $2,889,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Twilio in the 1st quarter valued at approximately $1,281,000. 84.27% of the stock is currently owned by institutional investors.

About Twilio

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.