Twilio Inc. (NYSE:TWLO – Get Free Report) CEO Khozema Shipchandler sold 13,881 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $201.26, for a total value of $2,793,690.06. Following the transaction, the chief executive officer owned 221,661 shares in the company, valued at $44,611,492.86. This represents a 5.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Khozema Shipchandler also recently made the following trade(s):
- On Thursday, June 4th, Khozema Shipchandler sold 44,158 shares of Twilio stock. The shares were sold at an average price of $235.88, for a total value of $10,415,989.04.
- On Tuesday, May 26th, Khozema Shipchandler sold 32,158 shares of Twilio stock. The shares were sold at an average price of $185.70, for a total value of $5,971,740.60.
- On Monday, April 6th, Khozema Shipchandler sold 15,715 shares of Twilio stock. The shares were sold at an average price of $133.39, for a total value of $2,096,223.85.
Twilio Price Performance
Twilio stock opened at $209.31 on Friday. The stock has a market capitalization of $31.77 billion, a P/E ratio of 327.06, a P/E/G ratio of 4.16 and a beta of 1.36. The company’s fifty day moving average price is $191.30 and its 200 day moving average price is $149.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.66 and a current ratio of 4.66. Twilio Inc. has a 1 year low of $91.84 and a 1 year high of $238.48.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Twilio from $130.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Citigroup reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on Twilio from $147.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $175.00 price objective on Twilio in a research note on Friday, May 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $200.00 price objective on shares of Twilio in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.41.
Get Our Latest Stock Report on Twilio
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in Twilio in the fourth quarter worth approximately $273,862,000. State Street Corp raised its position in Twilio by 47.8% in the third quarter. State Street Corp now owns 5,879,395 shares of the technology company’s stock valued at $588,469,000 after purchasing an additional 1,900,551 shares during the period. SRS Investment Management LLC acquired a new position in shares of Twilio in the 4th quarter valued at $257,494,000. Invesco Ltd. lifted its stake in shares of Twilio by 225.0% in the 3rd quarter. Invesco Ltd. now owns 2,009,237 shares of the technology company’s stock valued at $201,105,000 after purchasing an additional 1,391,013 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Twilio by 39.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,643,859 shares of the technology company’s stock worth $264,624,000 after purchasing an additional 750,951 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.
About Twilio
Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.
The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real?time video applications, and Twilio Authy for multi?factor authentication.
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