Twilio (TWLO) Shares Gap Down After Insider Selling

Twilio Inc (NYSE:TWLO) gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $62.95, but opened at $61.61. Twilio shares last traded at $59.80, with a volume of 3075500 shares traded.

Specifically, COO George Hu sold 7,126 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $50.96, for a total transaction of $363,140.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lee Kirkpatrick sold 12,000 shares of the stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $40.83, for a total transaction of $489,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,925 shares of company stock worth $3,449,703. Corporate insiders own 19.80% of the company’s stock.

Several brokerages have recently weighed in on TWLO. Zacks Investment Research downgraded shares of Twilio from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. JMP Securities increased their target price on shares of Twilio from $39.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. Canaccord Genuity increased their target price on shares of Twilio from $38.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Oppenheimer increased their target price on shares of Twilio from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. Finally, ValuEngine upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. Twilio presently has an average rating of “Buy” and a consensus price target of $43.90.



The stock has a market cap of $5.74 billion, a P/E ratio of -76.67 and a beta of -0.27.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, May 8th. The technology company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. The firm had revenue of $129.12 million during the quarter, compared to the consensus estimate of $115.92 million. Twilio had a negative net margin of 16.61% and a negative return on equity of 21.88%. The firm’s revenue was up 47.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. sell-side analysts anticipate that Twilio Inc will post -0.8 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Delpha Capital Management LLC acquired a new stake in Twilio in the fourth quarter valued at about $101,000. Public Employees Retirement Association of Colorado acquired a new stake in Twilio in the fourth quarter valued at about $159,000. Pinnacle Associates Ltd. acquired a new stake in shares of Twilio during the 4th quarter valued at approximately $210,000. Prudential Financial Inc. acquired a new stake in shares of Twilio during the 1st quarter valued at approximately $228,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Twilio by 71.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,413 shares of the technology company’s stock valued at $246,000 after acquiring an additional 4,342 shares during the period. Hedge funds and other institutional investors own 62.11% of the company’s stock.

Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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