Twilio (NYSE:TWLO) COO George Hu sold 7,126 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $50.96, for a total value of $363,140.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
George Hu also recently made the following trade(s):
- On Wednesday, February 21st, George Hu sold 16,180 shares of Twilio stock. The stock was sold at an average price of $33.38, for a total value of $540,088.40.
Shares of Twilio stock traded up $1.41 during trading on Friday, reaching $55.14. 2,465,862 shares of the stock traded hands, compared to its average volume of 2,240,889. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of -70.92 and a beta of -0.55. Twilio has a 52-week low of $23.25 and a 52-week high of $56.00.
Twilio (NYSE:TWLO) last announced its quarterly earnings results 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. Twilio had a negative net margin of 16.61% and a negative return on equity of 21.88%. The firm had revenue of $129.12 million during the quarter, compared to the consensus estimate of $115.92 million. During the same quarter last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 47.8% compared to the same quarter last year. sell-side analysts forecast that Twilio will post -0.8 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Twilio from a “hold” rating to a “sell” rating in a research note on Monday. JMP Securities increased their price target on 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 price target on 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 price target on 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 Twilio from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $43.56.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Twilio by 7.8% in the 1st quarter. BlackRock Inc. now owns 4,408,663 shares of the technology company’s stock valued at $168,323,000 after acquiring an additional 317,128 shares during the last quarter. Technology Crossover Management IX Ltd. bought a new position in shares of Twilio in the 4th quarter valued at about $47,599,000. Allianz Asset Management GmbH lifted its holdings in shares of Twilio by 20.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,808,340 shares of the technology company’s stock valued at $69,042,000 after acquiring an additional 310,270 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Twilio by 27.2% in the 4th quarter. Franklin Resources Inc. now owns 1,650,883 shares of the technology company’s stock valued at $38,961,000 after acquiring an additional 352,970 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Twilio by 6.6% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,420,450 shares of the technology company’s stock valued at $33,522,000 after acquiring an additional 87,585 shares during the last quarter. 60.59% of the stock is owned by hedge funds and other institutional investors.
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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