Twilio Inc (NASDAQ:TWLO) CFO Lee Kirkpatrick sold 12,757 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $30.96, for a total transaction of $394,956.72. Following the completion of the sale, the chief financial officer now owns 17,292 shares of the company’s stock, valued at approximately $535,360.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Twilio Inc (NASDAQ:TWLO) traded up 0.23% during mid-day trading on Monday, reaching $31.10. 1,136,688 shares of the company were exchanged. The stock has a 50-day moving average price of $31.51 and a 200 day moving average price of $38.44. The company’s market capitalization is $2.72 billion. Twilio Inc has a one year low of $23.66 and a one year high of $70.96.
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Hedge funds have recently made changes to their positions in the stock. WFG Advisors LP boosted its stake in shares of Twilio by 5,948.8% in the fourth quarter. WFG Advisors LP now owns 15,122 shares of the company’s stock worth $308,000 after buying an additional 14,872 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Twilio by 31.2% in the fourth quarter. Guggenheim Capital LLC now owns 12,560 shares of the company’s stock worth $362,000 after buying an additional 2,990 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Twilio during the fourth quarter worth approximately $859,000. GLG Partners LP acquired a new stake in shares of Twilio during the fourth quarter worth approximately $1,532,000. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Twilio during the fourth quarter worth approximately $2,913,000.
Several analysts have recently commented on the stock. Oppenheimer Holdings Inc. reiterated a “top pick” rating and issued a $50.00 target price on shares of Twilio in a report on Thursday, January 12th. Northland Securities upgraded shares of Twilio from a “market perform” rating to an “outperform” rating in a report on Monday, March 6th. Zacks Investment Research downgraded shares of Twilio from a “hold” rating to a “sell” rating in a report on Wednesday, March 8th. Pacific Crest increased their target price on shares of Twilio from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, Drexel Hamilton assumed coverage on shares of Twilio in a report on Monday, December 19th. They issued a “buy” rating and a $45.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.54.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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