Insider Selling: Twilio Inc (TWLO) General Counsel Sells 3,742 Shares of Stock

Twilio Inc (NYSE:TWLO) General Counsel Karyn Smith sold 3,742 shares of Twilio stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $40.68, for a total transaction of $152,224.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Karyn Smith also recently made the following trade(s):

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  • On Monday, March 5th, Karyn Smith sold 20,000 shares of Twilio stock. The shares were sold at an average price of $38.07, for a total transaction of $761,400.00.
  • On Wednesday, February 21st, Karyn Smith sold 4,611 shares of Twilio stock. The shares were sold at an average price of $33.38, for a total transaction of $153,915.18.
  • On Thursday, February 15th, Karyn Smith sold 2,952 shares of Twilio stock. The shares were sold at an average price of $30.84, for a total transaction of $91,039.68.
  • On Thursday, January 18th, Karyn Smith sold 4,213 shares of Twilio stock. The shares were sold at an average price of $25.54, for a total transaction of $107,600.02.
  • On Tuesday, January 16th, Karyn Smith sold 753 shares of Twilio stock. The shares were sold at an average price of $26.47, for a total transaction of $19,931.91.

TWLO stock opened at $39.93 on Friday. Twilio Inc has a 1 year low of $22.80 and a 1 year high of $42.41.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, February 13th. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.01. The company had revenue of $115.24 million during the quarter, compared to analysts’ expectations of $103.51 million. Twilio had a negative net margin of 15.97% and a negative return on equity of 19.52%. sell-side analysts predict that Twilio Inc will post -0.69 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Robert W. Baird reiterated a “buy” rating on shares of Twilio in a research note on Thursday, March 15th. Vetr upgraded shares of Twilio from a “sell” rating to a “hold” rating and set a $39.36 target price for the company in a research note on Monday, March 19th. Citigroup lifted their target price on shares of Twilio to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 13th. Bank of America started coverage on shares of Twilio in a research report on Thursday, March 1st. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research cut shares of Twilio from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.96.

Several institutional investors have recently modified their holdings of TWLO. Delpha Capital Management LLC bought a new stake in shares of Twilio during the 4th quarter valued at $101,000. Cerebellum GP LLC bought a new stake in shares of Twilio during the 4th quarter valued at $117,000. SeaCrest Wealth Management LLC bought a new stake in shares of Twilio during the 4th quarter valued at $123,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Twilio during the 4th quarter valued at $159,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Twilio during the 4th quarter valued at $210,000. Institutional investors own 60.30% of the company’s stock.

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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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