Insider Selling: Twilio (TWLO) CFO Sells $82,453.28 in Stock

Twilio (NYSE:TWLO) CFO Lee Kirkpatrick sold 1,618 shares of Twilio stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $50.96, for a total transaction of $82,453.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, April 17th, Lee Kirkpatrick sold 12,000 shares of Twilio stock. The shares were sold at an average price of $40.83, for a total transaction of $489,960.00.
  • On Thursday, March 15th, Lee Kirkpatrick sold 15,637 shares of Twilio stock. The shares were sold at an average price of $40.65, for a total transaction of $635,644.05.
  • On Thursday, February 22nd, Lee Kirkpatrick sold 12,000 shares of Twilio stock. The shares were sold at an average price of $32.89, for a total transaction of $394,680.00.

Twilio stock traded up $1.41 during midday trading on Friday, reaching $55.14. 2,479,288 shares of the stock traded hands, compared to its average volume of 2,783,385. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -70.69 and a beta of -0.55. Twilio has a fifty-two week low of $23.25 and a fifty-two week high of $56.00.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $129.12 million during the quarter, compared to analyst estimates of $115.92 million. Twilio had a negative net margin of 16.61% and a negative return on equity of 21.88%. The business’s revenue for the quarter was up 47.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. research analysts anticipate that Twilio will post -0.8 earnings per share for the current year.

Several research analysts have recently commented on TWLO shares. Zacks Investment Research lowered shares of Twilio from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. JPMorgan Chase lifted their price target on shares of Twilio from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Bank of America started coverage on shares of Twilio in a report on Thursday, March 1st. They issued a “buy” rating and a $45.00 price target for the company. Citigroup lifted their price target on shares of Twilio to $43.00 and gave the company an “overweight” rating in a report on Tuesday, March 13th. Finally, Robert W. Baird reissued a “buy” rating on shares of Twilio in a research note on Thursday, March 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.56.

Several large investors have recently modified their holdings of TWLO. Delpha Capital Management LLC acquired a new stake in shares of Twilio in the 4th quarter worth approximately $101,000. Cerebellum GP LLC acquired a new stake in shares of Twilio in the 4th quarter worth approximately $117,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Twilio in the 4th quarter worth approximately $123,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Twilio in the 4th quarter worth approximately $159,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Twilio in the 4th quarter worth approximately $210,000. 60.59% of the stock is owned by institutional investors.

About Twilio

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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

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