Insider Selling: Twilio Inc. (TWLO) General Counsel Sells 753 Shares of Stock

Twilio Inc. (NYSE:TWLO) General Counsel Karyn Smith sold 753 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $26.47, for a total value of $19,931.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Karyn Smith also recently made the following trade(s):

  • On Thursday, January 18th, Karyn Smith sold 4,213 shares of Twilio stock. The shares were sold at an average price of $25.54, for a total value of $107,600.02.
  • On Monday, December 18th, Karyn Smith sold 5,213 shares of Twilio stock. The shares were sold at an average price of $25.50, for a total value of $132,931.50.
  • On Monday, November 20th, Karyn Smith sold 5,213 shares of Twilio stock. The shares were sold at an average price of $25.83, for a total value of $134,651.79.

Shares of Twilio Inc. (NYSE:TWLO) traded up $0.28 during midday trading on Thursday, hitting $25.68. The stock had a trading volume of 890,523 shares, compared to its average volume of 1,600,000. The firm has a market capitalization of $2,390.00 and a P/E ratio of -35.18. Twilio Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $34.95.

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

TWLO has been the subject of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 target price on shares of Twilio in a report on Friday, November 10th. Northland Securities set a $36.00 target price on Twilio and gave the company a “buy” rating in a report on Monday, November 13th. Zacks Investment Research lowered Twilio from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 target price on shares of Twilio in a report on Wednesday, December 6th. Finally, BidaskClub lowered Twilio from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Twilio currently has an average rating of “Buy” and an average price target of $36.83.

Several hedge funds and other institutional investors have recently modified their holdings of TWLO. Schwab Charles Investment Management Inc. boosted its position in shares of Twilio by 207.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 171,317 shares of the technology company’s stock worth $4,988,000 after buying an additional 115,635 shares during the period. Legal & General Group Plc lifted its position in Twilio by 2,933.5% in the second quarter. Legal & General Group Plc now owns 15,289 shares of the technology company’s stock worth $444,000 after purchasing an additional 14,785 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in Twilio in the second quarter worth approximately $1,221,000. Swiss National Bank lifted its position in Twilio by 109.8% in the second quarter. Swiss National Bank now owns 77,400 shares of the technology company’s stock worth $2,253,000 after purchasing an additional 40,500 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in Twilio in the second quarter worth approximately $2,725,000. Institutional investors and hedge funds 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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