Insider Selling: Twilio Inc (TWLO) CEO Sells 20,830 Shares of Stock
Twilio Inc (NYSE:TWLO) CEO Jeff Lawson sold 20,830 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $121.35, for a total transaction of $2,527,720.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Jeff Lawson also recently made the following trade(s):
- On Monday, March 18th, Jeff Lawson sold 20,830 shares of Twilio stock. The stock was sold at an average price of $129.87, for a total value of $2,705,192.10.
TWLO stock traded up $5.83 during midday trading on Monday, hitting $127.96. 2,526,766 shares of the company traded hands, compared to its average volume of 4,170,482. Twilio Inc has a twelve month low of $39.59 and a twelve month high of $136.00. The company has a quick ratio of 6.33, a current ratio of 6.33 and a debt-to-equity ratio of 0.99. The company has a market cap of $15.09 billion, a PE ratio of -159.95 and a beta of 1.34.
Hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. grew its holdings in Twilio by 83.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 14,629 shares of the technology company’s stock valued at $1,306,000 after purchasing an additional 6,639 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in Twilio during the fourth quarter valued at approximately $71,000. Victory Capital Management Inc. grew its holdings in Twilio by 168.0% during the fourth quarter. Victory Capital Management Inc. now owns 560,670 shares of the technology company’s stock valued at $50,068,000 after purchasing an additional 351,440 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Twilio during the fourth quarter valued at approximately $28,234,000. Finally, Berkshire Capital Holdings Inc. grew its holdings in Twilio by 15.5% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 135,150 shares of the technology company’s stock valued at $12,069,000 after purchasing an additional 18,170 shares during the last quarter. Institutional investors own 57.19% of the company’s stock.
A number of research firms recently commented on TWLO. Zacks Investment Research upgraded Twilio from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a report on Thursday, April 11th. Mitsubishi UFJ Financial Group increased their price objective on Twilio from $121.00 to $133.00 in a report on Friday, April 12th. Finally, DA Davidson increased their price objective on Twilio from $99.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Twilio presently has a consensus rating of “Buy” and a consensus target price of $125.55.
TRADEMARK VIOLATION WARNING: “Insider Selling: Twilio Inc (TWLO) CEO Sells 20,830 Shares of Stock” was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.mareainformativa.com/news/2019/04/22/insider-selling-twilio-inc-twlo-ceo-sells-20830-shares-of-stock.html.
Twilio Company Profile
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.
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.