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

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 11,241 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the sale, the chief executive officer now directly owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Twilio Trading Down 1.3 %

NYSE:TWLO opened at $56.50 on Thursday. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The stock’s 50 day simple moving average is $58.39 and its two-hundred day simple moving average is $63.34. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11.

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

Institutional Trading of Twilio

Large investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in Twilio in the fourth quarter worth about $25,000. Activest Wealth Management lifted its stake in shares of Twilio by 327.9% in the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Westend Capital Management LLC bought a new stake in shares of Twilio in the 1st quarter valued at approximately $35,000. Blue Trust Inc. boosted its holdings in shares of Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after purchasing an additional 564 shares during the period. Finally, Friedenthal Financial bought a new position in shares of Twilio during the 4th quarter valued at approximately $46,000. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Piper Sandler lifted their target price on Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group lifted their price objective on Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Macquarie cut their price objective on Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday, April 17th. Finally, StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.48.

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.