Twilio Inc. (NYSE:TWLO – Get Free Report) CEO Khozema Shipchandler sold 32,158 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $185.70, for a total transaction of $5,971,740.60. Following the completion of the transaction, the chief executive officer owned 235,542 shares of the company’s stock, valued at approximately $43,740,149.40. This trade represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Khozema Shipchandler also recently made the following trade(s):
- On Monday, April 6th, Khozema Shipchandler sold 15,715 shares of Twilio stock. The stock was sold at an average price of $133.39, for a total transaction of $2,096,223.85.
- On Tuesday, March 31st, Khozema Shipchandler sold 12,624 shares of Twilio stock. The stock was sold at an average price of $122.81, for a total transaction of $1,550,353.44.
Twilio Trading Up 1.8%
Shares of NYSE:TWLO traded up $3.25 during mid-day trading on Thursday, reaching $184.82. 1,656,509 shares of the company’s stock were exchanged, compared to its average volume of 2,539,769. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 288.78, a PEG ratio of 3.94 and a beta of 1.32. The business’s fifty day moving average price is $152.77 and its 200-day moving average price is $135.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.66 and a current ratio of 4.66. Twilio Inc. has a twelve month low of $91.84 and a twelve month high of $203.71.
Analyst Ratings Changes
TWLO has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of Twilio from $200.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Piper Sandler lifted their target price on shares of Twilio from $130.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Twilio from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Mizuho lifted their target price on shares of Twilio from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Finally, Rosenblatt Securities lifted their target price on shares of Twilio from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Twilio presently has an average rating of “Moderate Buy” and an average price target of $195.40.
View Our Latest Analysis on Twilio
Institutional Investors Weigh In On Twilio
Large investors have recently bought and sold shares of the stock. Raleigh Capital Management Inc. acquired a new stake in Twilio in the fourth quarter worth $26,000. SHP Wealth Management acquired a new stake in Twilio in the fourth quarter worth $26,000. Zions Bancorporation National Association UT acquired a new stake in Twilio in the fourth quarter worth $29,000. Aster Capital Management DIFC Ltd acquired a new stake in Twilio in the fourth quarter worth $29,000. Finally, Strategic Advocates LLC acquired a new stake in Twilio in the third quarter worth $30,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.
About Twilio
Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.
The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real?time video applications, and Twilio Authy for multi?factor authentication.
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