Insider Selling: Twilio Inc. (NYSE:TWLO) CEO Sells 12,056 Shares of Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, January 6th, Khozema Shipchandler sold 10,834 shares of Twilio stock. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72.

Twilio Stock Performance

Shares of TWLO opened at $100.71 on Thursday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $119.72 and its two-hundred day simple moving average is $101.51. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market capitalization of $15.37 billion, a P/E ratio of -157.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Institutional Trading of Twilio

Several hedge funds have recently modified their holdings of TWLO. Wellington Management Group LLP grew its holdings in Twilio by 13.0% in the fourth quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company’s stock worth $642,000 after purchasing an additional 685 shares during the period. 111 Capital bought a new stake in Twilio in the 4th quarter valued at about $232,000. Wealth Enhancement Advisory Services LLC raised its stake in Twilio by 31.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,207 shares of the technology company’s stock worth $2,076,000 after buying an additional 4,595 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Twilio during the fourth quarter valued at approximately $5,283,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Twilio during the fourth quarter worth approximately $8,867,000. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Tigress Financial boosted their price target on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated an “underperform” rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. JMP Securities reissued a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a report on Friday, February 14th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the company from $77.00 to $185.00 in a research report on Monday, January 27th. One research 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 data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and an average target price of $135.35.

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.