Insider Selling: Twilio Inc. (TWLO) General Counsel Sells 753 Shares of Stock
Twilio Inc. (NYSE:TWLO) General Counsel Karyn Smith sold 753 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $26.47, for a total value of $19,931.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Karyn Smith also recently made the following trade(s):
- 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 value of $107,600.02.
- On Monday, December 18th, Karyn Smith sold 5,213 shares of Twilio stock. The shares were sold at an average price of $25.50, for a total value of $132,931.50.
- On Monday, November 20th, Karyn Smith sold 5,213 shares of Twilio stock. The shares were sold at an average price of $25.83, for a total value of $134,651.79.
Shares of Twilio Inc. (TWLO) traded up $0.28 during mid-day trading on Friday, hitting $25.68. 890,500 shares of the stock traded hands, compared to its average volume of 1,303,908. The firm has a market cap of $2,410.00 and a P/E ratio of -35.18. Twilio Inc. has a one year low of $22.80 and a one year high of $34.95.
Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Twilio during the 2nd quarter worth approximately $159,000. Thompson Davis & CO. Inc. grew its position in shares of Twilio by 36.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 6,500 shares of the technology company’s stock worth $194,000 after buying an additional 1,750 shares during the period. Principal Financial Group Inc. bought a new position in shares of Twilio in the 3rd quarter worth $219,000. Fortaleza Asset Management Inc. lifted its holdings in shares of Twilio by 47.0% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 7,635 shares of the technology company’s stock worth $228,000 after purchasing an additional 2,440 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of Twilio in the 2nd quarter worth $225,000. 59.84% of the stock is owned by institutional investors.
TWLO has been the subject of a number of recent analyst reports. Robert W. Baird reissued an “outperform” rating and set a $39.00 target price on shares of Twilio in a research report on Thursday, September 21st. Drexel Hamilton reissued a “buy” rating and set a $47.00 target price on shares of Twilio in a research report on Friday, September 22nd. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Wednesday, September 27th. KeyCorp reissued a “hold” rating on shares of Twilio in a research report on Wednesday, September 27th. Finally, JMP Securities reissued an “outperform” rating and set a $38.00 target price on shares of Twilio in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Twilio currently has an average rating of “Buy” and an average target price of $36.83.
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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).
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