Twilio Inc. (TWLO) CFO Lee Kirkpatrick Sells 10,000 Shares

Twilio Inc. (NYSE:TWLO) CFO Lee Kirkpatrick sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $32.17, for a total value of $321,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, September 15th, Lee Kirkpatrick sold 13,829 shares of Twilio stock. The stock was sold at an average price of $30.85, for a total value of $426,624.65.
  • On Tuesday, August 15th, Lee Kirkpatrick sold 10,000 shares of Twilio stock. The stock was sold at an average price of $31.17, for a total value of $311,700.00.

Shares of Twilio Inc. (NYSE:TWLO) traded up 1.91% during midday trading on Friday, hitting $31.99. The stock had a trading volume of 1,212,814 shares. Twilio Inc. has a one year low of $25.98 and a one year high of $39.75. The company’s market cap is $2.94 billion. The stock has a 50 day moving average of $31.14 and a 200-day moving average of $31.14.

Twilio (NYSE:TWLO) last posted its earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). The company had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The business’s revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) earnings per share. Analysts forecast that Twilio Inc. will post ($0.22) EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Fortaleza Asset Management Inc. grew its holdings in shares of Twilio by 47.0% during the third quarter. Fortaleza Asset Management Inc. now owns 7,635 shares of the technology company’s stock valued at $228,000 after purchasing an additional 2,440 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Twilio by 24.9% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,332,865 shares of the technology company’s stock worth $39,786,000 after buying an additional 266,059 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Twilio in the 3rd quarter worth approximately $436,000. Trellus Management Company LLC bought a new position in Twilio in the 3rd quarter worth approximately $299,000. Finally, Mutual of America Capital Management LLC grew its holdings in Twilio by 64.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the technology company’s stock worth $1,617,000 after buying an additional 21,225 shares in the last quarter. 57.45% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated an “outperform” rating and set a $38.00 price target on shares of Twilio in a report on Thursday, September 28th. Robert W. Baird increased their price target on Twilio from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Twilio in a report on Wednesday, September 27th. Argus reiterated a “hold” rating on shares of Twilio in a report on Friday, August 18th. Finally, Zacks Investment Research cut Twilio from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $37.68.

Twilio Company Profile

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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