Insider Selling: Twilio Inc. (NYSE:TWLO) CEO Sells $1,230,525.72 in Stock

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Twilio Stock Down 2.7 %

Shares of Twilio stock opened at $108.05 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $116.43. The company has a market capitalization of $16.57 billion, a P/E ratio of -42.04, a P/E/G ratio of 3.26 and a beta of 1.38. The company has a 50 day moving average of $105.04 and a 200 day moving average of $77.21.

Analyst Ratings Changes

TWLO has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Morgan Stanley increased their target price on shares of Twilio from $77.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. TD Cowen boosted their price target on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $140.00 in a research report on Wednesday. Finally, Needham & Company LLC boosted their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $93.61.

Institutional Investors Weigh In On Twilio

Several institutional investors have recently modified their holdings of TWLO. True Wealth Design LLC increased its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Twilio in the 3rd quarter valued at about $46,000. Venturi Wealth Management LLC raised its position in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares in the last quarter. Huntington National Bank lifted its stake in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp acquired a new position in Twilio in the third quarter valued at approximately $53,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.