Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler Sells 10,961 Shares of Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Twilio Stock Performance

Shares of NYSE TWLO opened at $60.93 on Thursday. The firm’s 50-day simple moving average is $63.65 and its 200 day simple moving average is $63.84. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Research analysts predict that Twilio Inc. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TWLO shares. Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $82.00 in a research report on Friday, January 12th. TD Cowen lowered their price target on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 6th. Barclays boosted their price target on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. HSBC lowered shares of Twilio from a “hold” rating to a “reduce” rating and lowered their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Finally, UBS Group lowered their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Twilio currently has a consensus rating of “Hold” and a consensus target price of $68.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Synovus Financial Corp raised its holdings in Twilio by 6.9% during the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock worth $279,000 after purchasing an additional 306 shares during the last quarter. Barclays PLC raised its holdings in Twilio by 139.5% during the 2nd quarter. Barclays PLC now owns 245,570 shares of the technology company’s stock worth $15,624,000 after purchasing an additional 143,020 shares during the last quarter. Pearl River Capital LLC raised its holdings in Twilio by 363.2% during the 3rd quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after purchasing an additional 24,026 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Twilio by 10.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after purchasing an additional 113,042 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in Twilio during the 3rd quarter worth about $4,738,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.