Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler Sells 12,056 Shares

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Twilio Price Performance

NYSE:TWLO opened at $100.71 on Thursday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a market cap of $15.37 billion, a P/E ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock’s 50-day simple moving average is $119.72 and its 200 day simple moving average is $101.51.

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

Institutional Trading of Twilio

A number of large investors have recently added to or reduced their stakes in TWLO. True Wealth Design LLC raised its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio in the 4th quarter valued at $44,000. Finally, Private Trust Co. NA boosted its position in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TWLO shares. Needham & Company LLC increased their price objective on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Monness Crespi & Hardt increased their target price on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Stifel Nicolaus raised their price objective on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

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.