Insider Selling: Twilio Inc. (NYSE:TWLO) CEO Sells 10,834 Shares of Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Twilio Price Performance

NYSE TWLO traded up $1.05 on Wednesday, reaching $110.87. The company had a trading volume of 2,740,951 shares, compared to its average volume of 1,928,617. The firm’s 50 day moving average price is $103.17 and its 200 day moving average price is $76.36. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $116.43. The stock has a market capitalization of $17.01 billion, a PE ratio of -43.14, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Twilio

A number of hedge funds have recently made changes to their positions in TWLO. Tidal Investments LLC grew its holdings in Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after buying an additional 112 shares in the last quarter. Covestor Ltd grew its holdings in shares of Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC increased its position in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the last quarter. Metis Global Partners LLC raised its stake in Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after purchasing an additional 182 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 205 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TWLO. Northland Securities boosted their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. TD Cowen raised their target price on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and upped their price target for the company from $85.00 to $140.00 in a research report on Wednesday. Robert W. Baird boosted their target price on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their target price on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $93.61.

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.