Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler Sells 11,241 Shares

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the sale, the chief executive officer now owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, June 7th, Khozema Shipchandler sold 24,657 shares of Twilio stock. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00.

Twilio Stock Down 1.3 %

NYSE TWLO traded down $0.72 during trading hours on Wednesday, hitting $56.50. The company’s stock had a trading volume of 1,262,498 shares, compared to its average volume of 3,008,563. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The company’s 50-day simple moving average is $58.39 and its two-hundred day simple moving average is $63.34. The company has a market capitalization of $9.67 billion, a PE ratio of -14.07, a price-to-earnings-growth ratio of 9.59 and a beta of 1.35. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.15. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. Research analysts anticipate that Twilio Inc. will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TWLO. Principal Securities Inc. bought a new stake in Twilio during the fourth quarter worth $25,000. Activest Wealth Management raised its stake in shares of Twilio by 327.9% during the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Westend Capital Management LLC purchased a new position in shares of Twilio in the 1st quarter worth about $35,000. GAMMA Investing LLC boosted its holdings in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after buying an additional 564 shares during the period. 84.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of analyst reports. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Wednesday, March 6th. Sanford C. Bernstein lowered their price objective on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Wednesday, May 8th. Wells Fargo & Company lowered their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Jefferies Financial Group dropped their price target on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus reduced their price target on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Twilio has an average rating of “Hold” and an average price target of $69.48.

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.