Twilio Inc. (NYSE:TWLO) CFO Lee Kirkpatrick sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $32.17, for a total transaction of $321,700.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Friday, September 15th, Lee Kirkpatrick sold 13,829 shares of Twilio stock. The shares were sold at an average price of $30.85, for a total transaction of $426,624.65.
  • On Tuesday, August 15th, Lee Kirkpatrick sold 10,000 shares of Twilio stock. The shares were sold at an average price of $31.17, for a total transaction of $311,700.00.

Twilio Inc. (TWLO) opened at 31.61 on Thursday. The firm’s market capitalization is $2.91 billion. The company has a 50-day moving average of $31.02 and a 200-day moving average of $31.02. Twilio Inc. has a 52 week low of $22.80 and a 52 week high of $46.95.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The firm had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue was up 48.7% compared to the same quarter last year. On average, equities analysts forecast that Twilio Inc. will post ($0.22) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its stake in Twilio by 19.8% in the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after purchasing an additional 1,528,512 shares in the last quarter. Vanguard Group Inc. increased its stake in Twilio by 21.1% in the second quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after purchasing an additional 734,659 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Twilio by 26.8% in the second quarter. Bank of New York Mellon Corp now owns 3,854,787 shares of the technology company’s stock valued at $112,213,000 after purchasing an additional 815,890 shares in the last quarter. Coatue Management LLC increased its stake in Twilio by 329.4% in the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock valued at $54,079,000 after purchasing an additional 1,425,085 shares in the last quarter. Finally, Foxhaven Asset Management LP increased its stake in Twilio by 1,068.4% in the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after purchasing an additional 1,279,896 shares in the last quarter. 58.11% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on TWLO shares. Vetr upgraded shares of Twilio from a “buy” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Twilio from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $38.00 target price on shares of Twilio in a research report on Monday, September 18th. Robert W. Baird started coverage on shares of Twilio in a research report on Monday, July 10th. They set an “outperform” rating and a $35.00 target price for the company. Finally, Summit Redstone reiterated a “buy” rating and set a $36.00 target price on shares of Twilio in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $37.68.

Twilio Company Profile

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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