Insider Selling: Twilio Inc. (NYSE:TWLO) CEO Sells 11,073 Shares of Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Performance

TWLO opened at $67.48 on Friday. The stock has a market cap of $10.84 billion, a PE ratio of -16.83, a P/E/G ratio of 3.78 and a beta of 1.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The stock’s 50 day simple moving average is $61.18 and its 200-day simple moving average is $59.68.

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

Institutional Trading of Twilio

A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP lifted its stake in Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares during the period. Panagora Asset Management Inc. lifted its stake in Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after buying an additional 531,075 shares during the period. Goldentree Asset Management LP acquired a new position in Twilio in the first quarter valued at about $31,745,000. Finally, Point72 Asset Management L.P. lifted its stake in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after buying an additional 311,481 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Tigress Financial lifted their target price on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Barclays reduced their price target on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Finally, Sanford C. Bernstein boosted their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.52.

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.