Insider Selling: Twilio Inc. (NYSE:TWLO) CEO Sells 10,834 Shares of Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Twilio Stock Up 1.0 %

Shares of NYSE TWLO opened at $110.87 on Thursday. The business has a fifty day moving average of $103.97 and a two-hundred day moving average of $76.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $116.43. The stock has a market cap of $17.01 billion, a PE ratio of -43.14, a PEG ratio of 3.26 and a beta of 1.38.

Analyst Ratings Changes

A number of research firms have commented on TWLO. Piper Sandler upped their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Oppenheimer lifted their price objective on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday, November 15th. Finally, Mizuho upgraded Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $85.00 to $140.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Twilio has a consensus rating of “Hold” and an average target price of $93.61.

Hedge Funds Weigh In On Twilio

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Twilio in the 3rd quarter valued at $46,000. Venturi Wealth Management LLC increased its stake in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after buying an additional 493 shares during the period. Huntington National Bank raised its position in shares of Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp acquired a new position in shares of Twilio during the third quarter valued at $53,000. 84.27% of the stock is owned by institutional investors.

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.