Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler Sells 10,834 Shares

Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Twilio Price Performance

Shares of NYSE:TWLO opened at $110.87 on Friday. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $116.43. The company has a 50-day moving average price of $104.58 and a 200 day moving average price of $76.84. The company has a market cap of $17.01 billion, a P/E ratio of -43.14, a PEG ratio of 3.26 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Institutional Trading of Twilio

Several hedge funds have recently modified their holdings of TWLO. Tidal Investments LLC raised its position in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd increased its holdings in shares of Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after purchasing an additional 170 shares during the period. Metis Global Partners LLC grew its position in Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after buying an additional 182 shares during the period. Finally, Arizona State Retirement System increased its holdings in Twilio by 0.4% in the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after buying an additional 205 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Tigress Financial boosted their price target on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Mizuho raised Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the company from $85.00 to $140.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Twilio presently has an average rating of “Hold” and an average target price of $93.61.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.