Twilio (NYSE:TWLO) Stock Price Down 5.5% on Insider Selling

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Twilio Inc (NYSE:TWLO) shares fell 5.5% during trading on Monday after an insider sold shares in the company. The company traded as low as $95.67 and last traded at $97.65, 5,266,495 shares changed hands during trading. An increase of 28% from the average session volume of 4,108,215 shares. The stock had previously closed at $103.28.

Specifically, Director Richard L. Dalzell sold 500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $108.40, for a total transaction of $54,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeff Lawson sold 35,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $112.00, for a total value of $3,920,000.00. The disclosure for this sale can be found here. Insiders sold 212,125 shares of company stock worth $22,453,002 in the last 90 days. 10.85% of the stock is currently owned by corporate insiders.

A number of equities research analysts have issued reports on the company. Needham & Company LLC reduced their price target on shares of Twilio to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Canaccord Genuity lowered their price objective on shares of Twilio from $155.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Bank of America dropped their price objective on shares of Twilio from $160.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Monness Crespi & Hardt lowered shares of Twilio from a “buy” rating to a “neutral” rating in a research report on Thursday, October 31st. Finally, Piper Jaffray Companies assumed coverage on shares of Twilio in a report on Tuesday, October 29th. They set an “overweight” rating and a $141.00 target price for the company. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $137.25.

The stock has a market capitalization of $13.62 billion, a PE ratio of -124.10 and a beta of 1.14. The stock’s 50 day moving average price is $101.86 and its 200-day moving average price is $123.55. The company has a quick ratio of 9.57, a current ratio of 9.57 and a debt-to-equity ratio of 0.14.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, October 30th. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $295.00 million for the quarter, compared to analysts’ expectations of $287.96 million. Twilio had a negative net margin of 26.20% and a negative return on equity of 6.02%. Twilio’s revenue for the quarter was up 74.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 EPS. On average, analysts forecast that Twilio Inc will post -1.5 earnings per share for the current year.

A number of large investors have recently bought and sold shares of TWLO. Vanguard Group Inc. boosted its stake in shares of Twilio by 20.0% in the second quarter. Vanguard Group Inc. now owns 10,068,328 shares of the technology company’s stock worth $1,372,817,000 after acquiring an additional 1,675,494 shares during the period. Morgan Stanley lifted its holdings in Twilio by 26.6% in the 2nd quarter. Morgan Stanley now owns 8,268,134 shares of the technology company’s stock worth $1,127,360,000 after purchasing an additional 1,736,102 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Twilio by 123.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,191,487 shares of the technology company’s stock worth $707,859,000 after purchasing an additional 2,869,996 shares during the period. Jennison Associates LLC boosted its stake in Twilio by 264.4% in the 2nd quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock worth $474,865,000 after purchasing an additional 2,526,830 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Twilio by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,327,120 shares of the technology company’s stock worth $317,303,000 after purchasing an additional 106,790 shares during the period. 80.67% of the stock is currently owned by institutional investors and hedge funds.

Twilio Company Profile (NYSE:TWLO)

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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