Khozema Shipchandler Sells 12,056 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 6th, Khozema Shipchandler sold 10,834 shares of Twilio stock. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72.

Twilio Price Performance

Shares of NYSE TWLO opened at $83.40 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $12.73 billion, a PE ratio of -130.32, a P/E/G ratio of 4.30 and a beta of 1.50. The business has a fifty day moving average price of $118.19 and a two-hundred day moving average price of $101.58.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TWLO. William Blair restated an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. UBS Group boosted their target price on shares of Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 14th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Tuesday. Monness Crespi & Hardt boosted their price objective on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Oppenheimer raised their target price on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.35.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after acquiring an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Twilio during the fourth quarter worth $301,258,000. Geode Capital Management LLC lifted its stake in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after acquiring an additional 33,824 shares during the last quarter. Norges Bank bought a new stake in Twilio during the 4th quarter worth $222,146,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Twilio by 26.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company’s stock valued at $173,190,000 after purchasing an additional 331,202 shares during the last quarter. Institutional investors and hedge funds 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.