Insider Selling: Twilio Inc (NYSE:TWLO) COO Sells 1,000 Shares of Stock

Twilio Inc (NYSE:TWLO) COO George Hu sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $132.13, for a total value of $132,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

George Hu also recently made the following trade(s):

  • On Wednesday, June 19th, George Hu sold 1,000 shares of Twilio stock. The stock was sold at an average price of $142.61, for a total value of $142,610.00.
  • On Wednesday, May 22nd, George Hu sold 8,527 shares of Twilio stock. The stock was sold at an average price of $139.50, for a total value of $1,189,516.50.
  • On Wednesday, May 15th, George Hu sold 7,743 shares of Twilio stock. The stock was sold at an average price of $128.22, for a total value of $992,807.46.

Shares of Twilio stock traded up $0.51 during trading on Monday, hitting $136.86. 3,066,551 shares of the stock were exchanged, compared to its average volume of 4,273,027. The company has a market cap of $17.22 billion, a PE ratio of -171.08 and a beta of 1.17. The business’s 50-day simple moving average is $137.39. Twilio Inc has a 12-month low of $54.50 and a 12-month high of $151.00. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.40). Twilio had a negative net margin of 17.87% and a negative return on equity of 9.50%. The business had revenue of $233.00 million during the quarter, compared to analysts’ expectations of $223.45 million. During the same period in the previous year, the company posted ($0.04) earnings per share. Twilio’s quarterly revenue was up 80.5% on a year-over-year basis. On average, equities analysts forecast that Twilio Inc will post -1.4 earnings per share for the current year.

A number of research firms recently commented on TWLO. Zacks Investment Research upgraded Twilio from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Thursday, April 11th. TheStreet raised shares of Twilio from a “d” rating to a “c” rating in a research report on Monday, June 24th. JMP Securities lifted their price target on shares of Twilio from $123.00 to $160.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Mitsubishi UFJ Financial Group lifted their price target on shares of Twilio from $121.00 to $133.00 in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Twilio from $125.00 to $150.00 in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Twilio currently has an average rating of “Buy” and a consensus price target of $139.52.

Institutional investors have recently modified their holdings of the company. Utah Retirement Systems grew its position in Twilio by 0.8% during the fourth quarter. Utah Retirement Systems now owns 13,419 shares of the technology company’s stock worth $1,198,000 after buying an additional 100 shares during the period. Private Advisors LLC grew its position in shares of Twilio by 0.5% in the first quarter. Private Advisors LLC now owns 22,188 shares of the technology company’s stock valued at $2,866,000 after purchasing an additional 112 shares during the last quarter. Calamos Wealth Management LLC grew its position in shares of Twilio by 0.3% in the first quarter. Calamos Wealth Management LLC now owns 39,327 shares of the technology company’s stock valued at $5,080,000 after purchasing an additional 119 shares during the last quarter. Congress Park Capital LLC grew its position in shares of Twilio by 5.1% in the first quarter. Congress Park Capital LLC now owns 2,695 shares of the technology company’s stock valued at $348,000 after purchasing an additional 130 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Twilio by 2.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,678 shares of the technology company’s stock valued at $507,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

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.

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