Khozema Shipchandler Sells 11,044 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the sale, the chief executive officer now directly owns 267,090 shares in the company, valued at approximately $17,678,687.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, September 30th, Khozema Shipchandler sold 11,073 shares of Twilio stock. The stock was sold at an average price of $65.03, for a total value of $720,077.19.

Twilio Trading Down 1.2 %

TWLO opened at $67.74 on Wednesday. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of -16.89, a P/E/G ratio of 3.84 and a beta of 1.35. The company has a 50-day simple moving average of $61.38 and a 200 day simple moving average of $59.70.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) EPS. Analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently modified their holdings of the business. 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 valued at $63,915,000 after buying an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP boosted its stake in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares during the last quarter. Goldentree Asset Management LP acquired a new position in Twilio during the 1st quarter worth approximately $31,745,000. Finally, Point72 Asset Management L.P. lifted its stake in Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TWLO. Wells Fargo & Company boosted their target price on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Barclays decreased their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday. Finally, Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average target price 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.