Twilio Inc. (NYSE:TWLO) CEO Sells $1,230,525.72 in Stock

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

Twilio Price Performance

Shares of NYSE TWLO opened at $108.05 on Friday. The firm has a 50-day simple moving average of $105.04 and a 200-day simple moving average of $77.21. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of -42.04, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $116.43.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Morgan Stanley boosted their target price on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday, November 15th. Stifel Nicolaus upped their price objective on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler raised their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.61.

Institutional Trading of Twilio

Large investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the last quarter. Covestor Ltd boosted its stake in Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC grew its holdings in Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after buying an additional 170 shares in the last quarter. Metis Global Partners LLC increased its stake in shares of Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after acquiring an additional 182 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Twilio by 0.4% during the 2nd 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 during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.