Twilio Inc (NYSE:TWLO) Director Richard L. Dalzell Sells 500 Shares

Twilio Inc (NYSE:TWLO) Director Richard L. Dalzell sold 500 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $124.11, for a total transaction of $62,055.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

TWLO traded up $0.85 on Monday, reaching $125.61. The company had a trading volume of 2,858,241 shares, compared to its average volume of 4,174,828. The company has a fifty day moving average of $138.30 and a 200-day moving average of $130.44. The company has a market capitalization of $17.32 billion, a P/E ratio of -157.01 and a beta of 1.17. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 0.14. Twilio Inc has a one year low of $62.43 and a one year high of $151.00.

Twilio (NYSE:TWLO) last announced its earnings results on Wednesday, July 31st. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.18). The company had revenue of $275.00 million during the quarter, compared to the consensus estimate of $264.43 million. Twilio had a negative net margin of 23.07% and a negative return on equity of 7.22%. The business’s quarterly revenue was up 86.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. Research analysts predict that Twilio Inc will post -1.39 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Griffin Asset Management Inc. acquired a new stake in Twilio in the 2nd quarter valued at about $141,000. Strategy Capital LLC lifted its holdings in Twilio by 3.5% in the 2nd quarter. Strategy Capital LLC now owns 180,069 shares of the technology company’s stock valued at $24,552,000 after acquiring an additional 6,130 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Twilio by 19.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,039 shares of the technology company’s stock valued at $4,098,000 after acquiring an additional 4,908 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Twilio by 54.2% in the 2nd quarter. California Public Employees Retirement System now owns 187,107 shares of the technology company’s stock valued at $25,512,000 after acquiring an additional 65,772 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Twilio by 29.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 19,476 shares of the technology company’s stock valued at $2,656,000 after acquiring an additional 4,467 shares during the last quarter. Hedge funds and other institutional investors own 69.43% of the company’s stock.

Several research firms have recently commented on TWLO. KeyCorp upped their price target on shares of Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. DA Davidson upped their price target on shares of Twilio to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. JMP Securities upped their price target on shares of Twilio from $123.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Twilio from $125.00 to $150.00 in a research report on Wednesday, May 1st. Finally, Piper Jaffray Companies upped their price target on shares of Twilio from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Twilio currently has an average rating of “Buy” and a consensus target price of $144.77.

About Twilio

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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