Insider Selling: Twilio Inc. (NYSE:TWLO) CEO Sells 12,056 Shares of Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 value of $1,230,525.72.

Twilio Stock Performance

Shares of Twilio stock traded up $2.54 during trading hours on Wednesday, hitting $100.71. 1,697,888 shares of the company’s stock traded hands, compared to its average volume of 2,621,060. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a fifty day simple moving average of $119.96 and a 200-day simple moving average of $101.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of -157.36, a PEG ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) 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 analysts’ expectations of $1.19 billion. Equities research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Twilio

Several large investors have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Twilio by 79.4% in the fourth 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 period. Centricity Wealth Management LLC purchased a new position in shares of Twilio in the fourth quarter valued at $44,000. True Wealth Design LLC raised its stake in shares of Twilio by 5,200.0% during 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. Finally, Private Trust Co. NA lifted its holdings in Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TWLO shares. Royal Bank of Canada restated an “underperform” rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. Oppenheimer upped their target price on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Scotiabank lifted their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Jefferies Financial Group increased their price target on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

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.