Twilio Inc. (NYSE:TWLO – Get Free Report) CEO Khozema Shipchandler sold 14,442 shares of Twilio stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $291.03, for a total value of $4,203,055.26. Following the sale, the chief executive officer directly owned 178,863 shares of the company’s stock, valued at approximately $52,054,498.89. This represents a 7.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Khozema Shipchandler also recently made the following trade(s):
- On Wednesday, September 30th, Khozema Shipchandler sold 13,898 shares of Twilio stock. The shares were sold at an average price of $294.08, for a total value of $4,087,123.84.
Twilio Stock Performance
Shares of NYSE:TWLO traded down $7.78 during trading on Wednesday, hitting $272.63. The stock had a trading volume of 3,450,917 shares, compared to its average volume of 2,657,385. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 12-month low of $104.50 and a 12-month high of $308.40. The stock has a market capitalization of $41.87 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 6.17 and a beta of 1.35. The stock has a 50-day simple moving average of $241.75 and a two-hundred day simple moving average of $200.30.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on TWLO. KeyCorp increased their price objective on shares of Twilio from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Monness Crespi & Hardt upped their price target on shares of Twilio from $246.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $240.00 price target on shares of Twilio in a report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating and set a $261.00 price objective on shares of Twilio in a research note on Friday, August 7th. Finally, Rosenblatt Securities boosted their price objective on Twilio from $275.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.39.
View Our Latest Stock Analysis on TWLO
Institutional Investors Weigh In On Twilio
A number of institutional investors have recently modified their holdings of TWLO. Glynn Capital Management LLC raised its holdings in Twilio by 38,960.4% in the 3rd quarter. Glynn Capital Management LLC now owns 39,451 shares of the technology company’s stock worth $11,538,000 after purchasing an additional 39,350 shares during the period. Congress Asset Management Co. grew its holdings in Twilio by 16.2% in the third quarter. Congress Asset Management Co. now owns 160,425 shares of the technology company’s stock valued at $46,918,000 after purchasing an additional 22,311 shares during the period. Eleva Capital SAS purchased a new stake in shares of Twilio in the third quarter valued at approximately $3,020,000. Central Pacific Bank Trust Division increased its position in shares of Twilio by 39.8% in the third quarter. Central Pacific Bank Trust Division now owns 4,528 shares of the technology company’s stock valued at $1,324,000 after buying an additional 1,289 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of Twilio during the 3rd quarter worth approximately $731,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.
Twilio Company Profile
Twilio Inc is a communications technology company that provides a cloud-based platform for businesses to engage with customers through digital channels. Its software and application programming interfaces (APIs) support communications capabilities such as voice calling, messaging, video, email, authentication and contact-center interactions.
The company’s offerings include programmable communications services, customer data and engagement tools, and contact-center solutions. Twilio also provides email services through SendGrid and customer data platform capabilities through Segment, which it acquired in 2020.
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