Twilio Inc. (NYSE:TWLO) General Counsel Karyn Smith sold 711 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $32.60, for a total value of $23,178.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Karyn Smith also recently made the following trade(s):
- On Monday, September 18th, Karyn Smith sold 5,213 shares of Twilio stock. The stock was sold at an average price of $31.23, for a total value of $162,801.99.
- On Monday, August 21st, Karyn Smith sold 5,213 shares of Twilio stock. The stock was sold at an average price of $29.21, for a total value of $152,271.73.
Twilio Inc. (NYSE:TWLO) opened at 31.44 on Friday. The stock’s 50 day moving average price is $31.03 and its 200-day moving average price is $31.03. The stock’s market cap is $2.89 billion. Twilio Inc. has a 12 month low of $22.80 and a 12 month high of $43.10.
Twilio (NYSE:TWLO) last released its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.20). The firm had revenue of $95.90 million for the quarter, compared to the consensus estimate of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The company’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Analysts anticipate that Twilio Inc. will post ($0.22) EPS for the current fiscal year.
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Several research analysts have weighed in on the company. Canaccord Genuity boosted their price objective on Twilio from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Drexel Hamilton reissued a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Wednesday, September 27th. Northland Securities reissued a “buy” rating and issued a $36.00 price objective on shares of Twilio in a research report on Friday, October 13th. Finally, Zacks Investment Research raised Twilio from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Twilio currently has an average rating of “Buy” and a consensus price target of $37.68.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. purchased a new position in Twilio during the second quarter valued at $1,592,000. Pier Capital LLC purchased a new position in Twilio during the second quarter valued at $5,829,000. Pacific Heights Asset Management LLC purchased a new position in Twilio during the second quarter valued at $7,860,000. potrero capital research llc purchased a new position in Twilio during the second quarter valued at $291,000. Finally, Legal & General Group Plc lifted its position in Twilio by 2,933.5% during the second quarter. Legal & General Group Plc now owns 15,289 shares of the technology company’s stock valued at $444,000 after purchasing an additional 14,785 shares in the last quarter. Institutional investors own 58.11% of the company’s stock.
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).
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