Insider Selling: Twilio (TWLO) General Counsel Sells 3,497 Shares of Stock

Twilio (NYSE:TWLO) General Counsel Karyn Smith sold 3,497 shares of the stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $54.86, for a total transaction of $191,845.42. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, May 15th, Karyn Smith sold 1,988 shares of Twilio stock. The stock was sold at an average price of $50.97, for a total transaction of $101,328.36.
  • On Thursday, April 19th, Karyn Smith sold 3,521 shares of Twilio stock. The stock was sold at an average price of $42.00, for a total transaction of $147,882.00.
  • On Monday, April 16th, Karyn Smith sold 938 shares of Twilio stock. The stock was sold at an average price of $39.36, for a total transaction of $36,919.68.
  • On Tuesday, March 20th, Karyn Smith sold 3,742 shares of Twilio stock. The stock was sold at an average price of $40.68, for a total transaction of $152,224.56.
  • On Monday, March 5th, Karyn Smith sold 20,000 shares of Twilio stock. The stock was sold at an average price of $38.07, for a total transaction of $761,400.00.
  • On Wednesday, February 21st, Karyn Smith sold 4,611 shares of Twilio stock. The stock was sold at an average price of $33.38, for a total transaction of $153,915.18.

Shares of NYSE TWLO opened at $52.54 on Thursday. The stock has a market capitalization of $5.17 billion, a PE ratio of -67.36 and a beta of -0.55. Twilio has a 1 year low of $23.25 and a 1 year high of $56.66.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 8th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $129.12 million for the quarter, compared to analyst estimates of $115.92 million. Twilio had a negative net margin of 16.61% and a negative return on equity of 21.88%. The company’s revenue for the quarter was up 47.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. sell-side analysts expect that Twilio will post -0.8 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on TWLO shares. Robert W. Baird reiterated a “buy” rating on shares of Twilio in a research report on Thursday, March 15th. Bank of America started coverage on shares of Twilio in a research report on Thursday, March 1st. They set a “buy” rating and a $45.00 target price for the company. Dougherty & Co began coverage on shares of Twilio in a research report on Tuesday, April 10th. They set a “buy” rating and a $45.00 target price for the company. Vetr raised shares of Twilio from a “hold” rating to a “buy” rating and set a $39.36 price objective on the stock in a report on Tuesday, April 10th. Finally, Monness Crespi & Hardt began coverage on shares of Twilio in a report on Wednesday, April 11th. They set a “buy” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. Twilio has an average rating of “Buy” and a consensus target price of $43.56.

Several hedge funds and other institutional investors have recently modified their holdings of TWLO. Technology Crossover Management IX Ltd. bought a new position in shares of Twilio in the 4th quarter valued at about $47,599,000. Raging Capital Management LLC bought a new position in shares of Twilio in the 4th quarter valued at about $22,420,000. Salesforce Com Inc. bought a new position in shares of Twilio in the 4th quarter valued at about $20,969,000. Harvest Capital Strategies LLC bought a new position in shares of Twilio in the 1st quarter valued at about $17,181,000. Finally, Lord Abbett & CO. LLC bought a new position in shares of Twilio in the 1st quarter valued at about $16,992,000. 62.84% of the stock is currently owned by institutional investors.

Twilio Company Profile

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.

Insider Buying and Selling by Quarter for Twilio (NYSE:TWLO)

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