Twilio Inc (NYSE:TWLO) CFO Lee Kirkpatrick Sells 14,000 Shares

Twilio Inc (NYSE:TWLO) CFO Lee Kirkpatrick sold 14,000 shares of Twilio stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $75.43, for a total value of $1,056,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lee Kirkpatrick also recently made the following trade(s):

  • On Friday, September 14th, Lee Kirkpatrick sold 14,000 shares of Twilio stock. The shares were sold at an average price of $86.76, for a total value of $1,214,640.00.
  • On Monday, September 17th, Lee Kirkpatrick sold 17,636 shares of Twilio stock. The shares were sold at an average price of $86.81, for a total value of $1,530,981.16.
  • On Thursday, August 16th, Lee Kirkpatrick sold 15,635 shares of Twilio stock. The shares were sold at an average price of $75.57, for a total value of $1,181,536.95.

Shares of Twilio stock traded up $0.28 during trading on Friday, hitting $92.23. 8,337,173 shares of the company were exchanged, compared to its average volume of 5,797,879. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20. Twilio Inc has a fifty-two week low of $23.25 and a fifty-two week high of $98.89. The company has a market capitalization of $9.37 billion, a P/E ratio of -118.24 and a beta of 1.00.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. Twilio had a negative return on equity of 19.56% and a negative net margin of 16.70%. The firm had revenue of $168.90 million during the quarter, compared to the consensus estimate of $151.62 million. During the same period in the previous year, the firm posted ($0.08) EPS. The company’s quarterly revenue was up 68.0% compared to the same quarter last year. As a group, research analysts expect that Twilio Inc will post -0.77 EPS for the current fiscal year.

TWLO has been the topic of a number of analyst reports. DA Davidson initiated coverage on Twilio in a report on Tuesday, October 2nd. They issued a “buy” rating and a $99.00 price objective on the stock. Monness Crespi & Hardt lifted their price objective on Twilio from $85.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Bank of America boosted their price target on Twilio from $63.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Piper Jaffray Companies reissued a “buy” rating and set a $85.00 price target on shares of Twilio in a research note on Tuesday, August 7th. Finally, Northland Securities reissued a “buy” rating and set a $75.00 price target on shares of Twilio in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $81.22.

Several institutional investors have recently modified their holdings of TWLO. Alliancebernstein L.P. raised its position in shares of Twilio by 4,157.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,504,150 shares of the technology company’s stock worth $129,778,000 after purchasing an additional 1,468,820 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Twilio during the 2nd quarter worth approximately $64,266,000. First Trust Advisors LP raised its position in shares of Twilio by 684.7% during the 3rd quarter. First Trust Advisors LP now owns 828,895 shares of the technology company’s stock worth $71,517,000 after purchasing an additional 723,257 shares during the last quarter. Millennium Management LLC raised its position in shares of Twilio by 117.5% during the 2nd quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock worth $49,516,000 after purchasing an additional 477,552 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Twilio during the 1st quarter worth approximately $16,992,000. Hedge funds and other institutional investors own 57.29% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Twilio Inc (NYSE:TWLO) CFO Lee Kirkpatrick Sells 14,000 Shares” was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.baseballdailydigest.com/2018/11/10/lee-kirkpatrick-sells-14000-shares-of-twilio-inc-twlo-stock-2.html.

Twilio Company Profile

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.

Recommended Story: Outstanding Shares and The Effect on Share Price

Insider Buying and Selling by Quarter for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply