Insider Selling: Twilio Inc. (NYSE:TWLO) Director Sells 4,100 Shares of Stock

Twilio Inc. (NYSE:TWLO) Director Erika Rottenberg sold 4,100 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director now directly owns 33,488 shares of the company’s stock, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Twilio Stock Performance

TWLO opened at $119.87 on Thursday. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of -187.30, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The business has a 50 day moving average price of $100.72 and a two-hundred day moving average price of $109.91.

Twilio (NYSE:TWLO) last released 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. Research analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TWLO shares. Wall Street Zen lowered Twilio from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, February 14th. JMP Securities restated a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research note on Tuesday, April 29th. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Twilio in a research note on Friday, May 16th. Finally, Tigress Financial restated a “buy” rating and issued a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $124.41.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Invst LLC increased its holdings in shares of Twilio by 138.5% in the first quarter. Invst LLC now owns 6,756 shares of the technology company’s stock valued at $661,000 after buying an additional 3,923 shares in the last quarter. Strs Ohio bought a new position in shares of Twilio in the first quarter valued at $8,858,000. GK Wealth Management LLC increased its holdings in shares of Twilio by 28.2% in the first quarter. GK Wealth Management LLC now owns 2,745 shares of the technology company’s stock valued at $269,000 after buying an additional 604 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Twilio in the first quarter valued at $2,448,000. Finally, Plato Investment Management Ltd increased its holdings in shares of Twilio by 5.2% in the first quarter. Plato Investment Management Ltd now owns 10,100 shares of the technology company’s stock valued at $1,000,000 after buying an additional 499 shares in 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.