Insider Selling: Twilio Inc. (TWLO) CFO Sells 10,830 Shares of Stock

Twilio Inc. (NYSE:TWLO) CFO Lee Kirkpatrick sold 10,830 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $25.28, for a total transaction of $273,782.40. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Lee Kirkpatrick also recently made the following trade(s):

  • On Wednesday, November 15th, Lee Kirkpatrick sold 7,000 shares of Twilio stock. The shares were sold at an average price of $25.38, for a total transaction of $177,660.00.
  • On Monday, October 16th, Lee Kirkpatrick sold 10,000 shares of Twilio stock. The shares were sold at an average price of $32.17, for a total transaction of $321,700.00.

Shares of Twilio Inc. (NYSE TWLO) traded up $0.13 during midday trading on Friday, hitting $26.16. 906,122 shares of the stock traded hands, compared to its average volume of 1,315,056. The company has a market capitalization of $2,430.00 and a P/E ratio of -35.84. Twilio Inc. has a 52-week low of $22.80 and a 52-week high of $34.95.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm had revenue of $100.54 million for the quarter, compared to the consensus estimate of $92.50 million. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. The business’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. analysts expect that Twilio Inc. will post -0.75 earnings per share for the current year.

Several brokerages recently issued reports on TWLO. Northland Securities set a $36.00 price target on shares of Twilio and gave the company a “buy” rating in a research report on Monday, November 13th. Canaccord Genuity restated a “buy” rating and issued a $38.00 price objective on shares of Twilio in a report on Wednesday, December 6th. Drexel Hamilton restated a “buy” rating and issued a $47.00 price objective on shares of Twilio in a report on Monday, December 4th. Zacks Investment Research cut shares of Twilio from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, KeyCorp restated a “hold” rating on shares of Twilio in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $36.83.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its stake in shares of Twilio by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after buying an additional 34 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Twilio by 10.0% in the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after buying an additional 469 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Twilio by 12.1% in the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after buying an additional 555 shares in the last quarter. Marcus Capital LLC lifted its stake in shares of Twilio by 1.5% in the second quarter. Marcus Capital LLC now owns 116,700 shares of the technology company’s stock worth $3,397,000 after buying an additional 1,700 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Twilio by 2.9% in the third quarter. New York State Common Retirement Fund now owns 68,400 shares of the technology company’s stock worth $2,042,000 after buying an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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About Twilio

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

Insider Buying and Selling by Quarter for Twilio (NYSE:TWLO)

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