Khozema Shipchandler Sells 11,073 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, July 5th, Khozema Shipchandler sold 10,877 shares of Twilio stock. The shares were sold at an average price of $56.26, for a total value of $611,940.02.

Twilio Stock Performance

TWLO stock traded up $2.64 during trading on Wednesday, hitting $66.37. The company had a trading volume of 2,510,512 shares, compared to its average volume of 2,701,312. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The firm has a 50-day moving average price of $60.63 and a 200-day moving average price of $59.54. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm has a market cap of $11.36 billion, a PE ratio of -16.24, a price-to-earnings-growth ratio of 3.68 and a beta of 1.35.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned ($0.23) earnings per share. On average, analysts expect that Twilio Inc. will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC increased its position in Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after purchasing an additional 166 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Twilio by 3.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after acquiring an additional 201 shares during the period. Arizona State Retirement System raised its position in Twilio by 0.4% in the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after acquiring an additional 205 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in Twilio by 0.4% in the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock valued at $3,413,000 after acquiring an additional 220 shares during the period. Finally, HHM Wealth Advisors LLC boosted its position in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after purchasing an additional 260 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Sanford C. Bernstein increased their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Finally, StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.52.

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.