Twilio Inc (NYSE:TWLO) CEO Sells $3,920,000.00 in Stock

Twilio Inc (NYSE:TWLO) CEO Jeff Lawson sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $112.00, for a total transaction of $3,920,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jeff Lawson also recently made the following trade(s):

  • On Monday, August 19th, Jeff Lawson sold 20,870 shares of Twilio stock. The stock was sold at an average price of $126.17, for a total transaction of $2,633,167.90.
  • On Thursday, July 18th, Jeff Lawson sold 20,830 shares of Twilio stock. The stock was sold at an average price of $145.07, for a total transaction of $3,021,808.10.

Shares of Twilio stock traded down $0.89 during midday trading on Friday, reaching $114.22. The company had a trading volume of 3,912,898 shares, compared to its average volume of 4,154,319. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of -142.78 and a beta of 1.22. The stock has a fifty day simple moving average of $125.31 and a 200 day simple moving average of $131.81. Twilio Inc has a 1-year low of $62.43 and a 1-year high of $151.00.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). The company had revenue of $275.00 million during the quarter, compared to analyst estimates of $264.43 million. Twilio had a negative net margin of 23.07% and a negative return on equity of 7.22%. The business’s revenue for the quarter was up 86.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. Sell-side analysts expect that Twilio Inc will post -1.54 earnings per share for the current year.

Several analysts have recently weighed in on the stock. Morgan Stanley raised shares of Twilio from an “equal” rating to a “weight” rating and raised their price objective for the stock from $130.00 to $135.00 in a report on Thursday. KeyCorp raised their price objective on shares of Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Needham & Company LLC assumed coverage on shares of Twilio in a report on Tuesday, June 18th. They set a “buy” rating and a $165.00 price objective for the company. TheStreet raised shares of Twilio from a “d” rating to a “c” rating in a report on Monday, June 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $167.00 price objective on shares of Twilio in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Twilio presently has an average rating of “Buy” and an average target price of $147.62.

Several institutional investors have recently modified their holdings of TWLO. Dimensional Fund Advisors LP increased its holdings in shares of Twilio by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 121,505 shares of the technology company’s stock valued at $10,848,000 after purchasing an additional 14,549 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Twilio by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 774,130 shares of the technology company’s stock valued at $69,129,000 after purchasing an additional 60,518 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Twilio by 88.8% in the first quarter. SG Americas Securities LLC now owns 3,553 shares of the technology company’s stock valued at $459,000 after purchasing an additional 1,671 shares in the last quarter. Cornerstone Advisors Inc. acquired a new stake in shares of Twilio in the first quarter valued at approximately $47,000. Finally, Stephens Inc. AR acquired a new stake in shares of Twilio in the first quarter valued at approximately $275,000. 74.58% of the stock is owned by institutional investors and hedge funds.

About Twilio

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

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