Twilio Inc (NYSE:TWLO)’s share price dropped 6.2% during trading on Tuesday following insider selling activity. The company traded as low as $89.36 and last traded at $89.70. Approximately 5,551,319 shares changed hands during trading, an increase of 95% from the average daily volume of 2,853,171 shares. The stock had previously closed at $95.62.

Specifically, COO George Hu sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $94.19, for a total transaction of $941,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeff Lawson sold 20,830 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $85.72, for a total value of $1,785,547.60. The disclosure for this sale can be found here. Insiders have sold a total of 181,201 shares of company stock worth $14,986,752 over the last three months. 19.80% of the stock is owned by insiders.

TWLO has been the subject of several recent research reports. Canaccord Genuity boosted their price target on Twilio from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Bank of America boosted their price target on Twilio from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Monness Crespi & Hardt boosted their price target on Twilio from $108.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Zacks Investment Research upgraded Twilio from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, October 12th. Finally, KeyCorp restated a “buy” rating and issued a $99.00 price target on shares of Twilio in a research note on Thursday, October 11th. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Twilio currently has an average rating of “Buy” and a consensus price target of $82.22.

The stock has a market cap of $9.34 billion, a price-to-earnings ratio of -115.00 and a beta of 1.10. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.99.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The firm had revenue of $168.90 million during the quarter, compared to the consensus estimate of $151.62 million. Twilio had a negative return on equity of 18.94% and a negative net margin of 16.70%. The company’s revenue was up 68.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. As a group, equities analysts expect that Twilio Inc will post -0.7 EPS for the current year.

Several large investors have recently added to or reduced their stakes in TWLO. Catalyst Capital Advisors LLC bought a new stake in shares of Twilio during the 2nd quarter valued at $112,000. Patton Albertson Miller Group LLC bought a new stake in shares of Twilio during the 3rd quarter valued at $115,000. Synovus Financial Corp bought a new stake in shares of Twilio during the 3rd quarter valued at $129,000. Tower Research Capital LLC TRC bought a new stake in shares of Twilio during the 2nd quarter valued at $182,000. Finally, People s United Financial Inc. bought a new stake in shares of Twilio during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 59.43% of the company’s stock.

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Twilio Company Profile (NYSE:TWLO)

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.

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