Twilio Inc. (NYSE:TWLO – Get Free Report) CEO Khozema Shipchandler sold 12,922 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $104.09, for a total value of $1,345,050.98. Following the sale, the chief executive officer owned 220,383 shares of the company’s stock, valued at approximately $22,939,666.47. This represents a 5.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Khozema Shipchandler also recently made the following trade(s):
- On Tuesday, September 30th, Khozema Shipchandler sold 13,681 shares of Twilio stock. The shares were sold at an average price of $100.59, for a total value of $1,376,171.79.
Twilio Trading Down 1.8%
Twilio stock opened at $107.69 on Wednesday. The business has a 50-day simple moving average of $106.96 and a two-hundred day simple moving average of $108.73. The company has a market cap of $16.52 billion, a P/E ratio of 897.49, a P/E/G ratio of 3.40 and a beta of 1.25. Twilio Inc. has a 52-week low of $67.60 and a 52-week high of $151.95. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.12.
Institutional Investors Weigh In On Twilio
Institutional investors have recently added to or reduced their stakes in the stock. LRI Investments LLC purchased a new stake in Twilio during the 1st quarter valued at approximately $25,000. GFG Capital LLC purchased a new stake in Twilio during the 2nd quarter valued at approximately $25,000. CENTRAL TRUST Co purchased a new stake in Twilio during the 2nd quarter valued at approximately $25,000. Hilltop National Bank purchased a new stake in Twilio during the 2nd quarter valued at approximately $26,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Twilio during the 1st quarter valued at approximately $28,000. 84.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “underperform” rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, September 17th. Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the stock a “hold” rating in a research report on Sunday, June 15th. UBS Group reduced their price objective on shares of Twilio from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Twilio in a research report on Saturday, September 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $140.00 target price on shares of Twilio in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.22.
View Our Latest Stock Report on Twilio
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.
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