Insider Selling: Twilio Inc (TWLO) General Counsel Sells 24,487 Shares of Stock

Twilio Inc (NYSE:TWLO) General Counsel Karyn Smith sold 24,487 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $129.72, for a total transaction of $3,176,453.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Karyn Smith also recently made the following trade(s):

  • On Friday, February 22nd, Karyn Smith sold 25,486 shares of Twilio stock. The shares were sold at an average price of $115.30, for a total transaction of $2,938,535.80.
  • On Friday, February 15th, Karyn Smith sold 1,360 shares of Twilio stock. The shares were sold at an average price of $106.22, for a total transaction of $144,459.20.
  • On Friday, January 18th, Karyn Smith sold 3,261 shares of Twilio stock. The shares were sold at an average price of $104.28, for a total transaction of $340,057.08.
  • On Tuesday, January 15th, Karyn Smith sold 733 shares of Twilio stock. The shares were sold at an average price of $98.52, for a total transaction of $72,215.16.

Twilio stock traded up $1.47 during trading on Monday, reaching $127.19. The company had a trading volume of 2,375,100 shares, compared to its average volume of 4,228,236. Twilio Inc has a 12-month low of $38.82 and a 12-month high of $136.00. The company has a market cap of $15.54 billion, a price-to-earnings ratio of -158.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.33 and a current ratio of 6.33.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.21. Twilio had a negative net margin of 18.76% and a negative return on equity of 21.00%. The firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $184.46 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Twilio’s revenue was up 77.3% compared to the same quarter last year. Sell-side analysts predict that Twilio Inc will post -1.08 EPS for the current year.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Twilio from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a report on Thursday. Mitsubishi UFJ Financial Group lifted their price target on shares of Twilio from $121.00 to $133.00 in a report on Friday. Deutsche Bank lifted their price target on shares of Twilio from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, DA Davidson lifted their price target on shares of Twilio from $99.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Twilio has an average rating of “Buy” and an average target price of $121.72.

A number of institutional investors have recently added to or reduced their stakes in TWLO. US Bancorp DE grew its holdings in Twilio by 120.1% in the third quarter. US Bancorp DE now owns 3,632 shares of the technology company’s stock valued at $314,000 after purchasing an additional 1,982 shares during the period. Private Advisor Group LLC purchased a new stake in Twilio in the third quarter valued at approximately $241,000. Cambridge Investment Research Advisors Inc. lifted its position in Twilio by 107.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,622 shares of the technology company’s stock valued at $744,000 after buying an additional 4,464 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Twilio by 76.6% during the third quarter. Commonwealth Equity Services LLC now owns 18,804 shares of the technology company’s stock valued at $1,622,000 after buying an additional 8,155 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Twilio by 25.0% during the third quarter. SG Americas Securities LLC now owns 10,034 shares of the technology company’s stock valued at $866,000 after buying an additional 2,009 shares in the last quarter. Hedge funds and other institutional investors own 57.18% of the company’s stock.

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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.

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