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

Twilio Inc. (NYSE:TWLO - Get Free Report) CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, January 6th, Khozema Shipchandler sold 10,834 shares of Twilio stock. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72.

Twilio Price Performance

TWLO stock traded down $0.11 on Monday, hitting $83.47. 2,983,807 shares of the company's stock traded hands, compared to its average volume of 2,637,954. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of -130.42, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a fifty day moving average of $117.08 and a 200-day moving average of $102.31.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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Institutional Investors Weigh In On Twilio

Several hedge funds and other institutional investors have recently modified their holdings of TWLO. Thrivent Financial for Lutherans acquired a new position in shares of Twilio in the third quarter valued at $253,000. The Manufacturers Life Insurance Company raised its stake in shares of Twilio by 151.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock valued at $2,820,000 after buying an additional 26,062 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Twilio by 31.2% during the 3rd quarter. Townsquare Capital LLC now owns 4,970 shares of the technology company's stock worth $324,000 after acquiring an additional 1,183 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Twilio by 2.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,919 shares of the technology company's stock valued at $4,038,000 after acquiring an additional 1,317 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Twilio by 19.7% in the third quarter. Captrust Financial Advisors now owns 21,357 shares of the technology company's stock valued at $1,393,000 after acquiring an additional 3,514 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Needham & Company LLC increased their price target on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Jefferies Financial Group lifted their price objective on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Morgan Stanley upgraded Twilio from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $144.00 to $160.00 in a report on Monday, February 24th. Finally, Tigress Financial lifted their price target on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Twilio Company Profile

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.