Twilio Inc. (TWLO) CFO Sells $321,700.00 in Stock

Twilio Inc. (NYSE:TWLO) CFO Lee Kirkpatrick sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $32.17, for a total transaction of $321,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Lee Kirkpatrick also recently made the following trade(s):

  • On Friday, September 15th, Lee Kirkpatrick sold 13,829 shares of Twilio stock. The stock was sold at an average price of $30.85, for a total transaction of $426,624.65.
  • On Tuesday, August 15th, Lee Kirkpatrick sold 10,000 shares of Twilio stock. The stock was sold at an average price of $31.17, for a total transaction of $311,700.00.

Twilio Inc. (NYSE:TWLO) traded down 0.41% during mid-day trading on Wednesday, reaching $31.61. 894,359 shares of the company’s stock were exchanged. Twilio Inc. has a 52-week low of $22.80 and a 52-week high of $49.59. The stock has a 50-day moving average price of $30.93 and a 200 day moving average price of $30.93. The company’s market cap is $2.91 billion.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.20). Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The firm had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The business’s revenue was up 48.7% on a year-over-year basis. Equities analysts predict that Twilio Inc. will post ($0.22) earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its position in Twilio by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after acquiring an additional 34 shares during the last quarter. Pacer Advisors Inc. boosted its position in Twilio by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after acquiring an additional 555 shares during the last quarter. IFP Advisors Inc boosted its position in Twilio by 10.0% during the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after acquiring an additional 469 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Twilio during the 2nd quarter worth approximately $159,000. Finally, US Bancorp DE boosted its position in Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after acquiring an additional 3,878 shares during the last quarter. 58.11% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on TWLO. Northland Securities restated a “buy” rating and set a $36.00 price target on shares of Twilio in a report on Friday, October 13th. BidaskClub upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. JMP Securities restated an “outperform” rating and set a $38.00 price target on shares of Twilio in a report on Thursday, September 28th. Robert W. Baird restated a “buy” rating and set a $39.00 price target on shares of Twilio in a report on Wednesday, September 27th. Finally, KeyCorp restated a “hold” rating on shares of Twilio in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Twilio presently has an average rating of “Buy” and a consensus price target of $37.68.

About Twilio

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).

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

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