Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler Sells 11,073 Shares

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, July 5th, Khozema Shipchandler sold 10,877 shares of Twilio stock. The stock was sold at an average price of $56.26, for a total value of $611,940.02.

Twilio Stock Up 4.1 %

NYSE TWLO opened at $66.37 on Thursday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $60.83 and its two-hundred day moving average is $59.59. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of -16.55, a PEG ratio of 3.68 and a beta of 1.35. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.23) earnings per share. Equities analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TWLO shares. Sanford C. Bernstein raised their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price target on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price target (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Finally, Wells Fargo & Company lifted their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $70.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Twilio in the 4th quarter valued at $478,000. V Square Quantitative Management LLC lifted its stake in shares of Twilio by 68.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after purchasing an additional 792 shares during the period. Susquehanna Fundamental Investments LLC lifted its stake in shares of Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after purchasing an additional 31,227 shares during the period. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Twilio during the 4th quarter worth $1,689,000. 84.27% of the stock is owned by institutional investors and hedge funds.

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.