Twilio Inc. (NYSE:TWLO – Get Free Report) CEO Khozema Shipchandler sold 32,158 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $185.70, for a total value of $5,971,740.60. Following the completion of the transaction, the chief executive officer owned 235,542 shares in the company, valued at approximately $43,740,149.40. The trade was a 12.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Khozema Shipchandler also recently made the following trade(s):
- On Monday, April 6th, Khozema Shipchandler sold 15,715 shares of Twilio stock. The stock was sold at an average price of $133.39, for a total value of $2,096,223.85.
- On Tuesday, March 31st, Khozema Shipchandler sold 12,624 shares of Twilio stock. The stock was sold at an average price of $122.81, for a total value of $1,550,353.44.
Twilio Trading Up 1.8%
NYSE:TWLO opened at $184.82 on Friday. The stock’s 50 day moving average price is $153.92 and its 200 day moving average price is $136.09. The company has a market capitalization of $28.05 billion, a PE ratio of 288.78, a P/E/G ratio of 3.78 and a beta of 1.32. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.13. Twilio Inc. has a 52-week low of $91.84 and a 52-week high of $203.71.
Wall Street Analysts Forecast Growth
TWLO has been the topic of several analyst reports. Citigroup reiterated an “outperform” rating on shares of Twilio in a research note on Friday, May 1st. Stifel Nicolaus set a $175.00 target price on Twilio in a research report on Friday, May 1st. TD Cowen boosted their target price on Twilio from $160.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citizens Jmp boosted their target price on Twilio from $185.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Finally, Bank of America upgraded Twilio from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $190.00 in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.
Check Out Our Latest Stock Report on TWLO
Hedge Funds Weigh In On Twilio
A number of institutional investors have recently made changes to their positions in TWLO. Raleigh Capital Management Inc. acquired a new stake in Twilio during the fourth quarter worth about $26,000. SHP Wealth Management purchased a new position in Twilio in the fourth quarter valued at about $26,000. Zions Bancorporation National Association UT purchased a new position in Twilio in the fourth quarter valued at about $29,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Twilio in the 4th quarter worth approximately $29,000. Finally, Strategic Advocates LLC bought a new stake in shares of Twilio in the 3rd quarter worth approximately $30,000. 84.27% of the stock is owned by institutional investors and hedge funds.
About Twilio
Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.
The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.
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