Insider Selling: Twilio Inc (TWLO) COO Sells 7,743 Shares of Stock
Twilio Inc (NYSE:TWLO) COO George Hu sold 7,743 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $128.22, for a total value of $992,807.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
TWLO traded down $1.88 during trading on Friday, reaching $140.49. 4,984,042 shares of the stock traded hands, compared to its average volume of 4,339,024. Twilio Inc has a fifty-two week low of $51.82 and a fifty-two week high of $144.62. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of -175.61 and a beta of 1.31. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.40). The company had revenue of $233.00 million during the quarter, compared to analyst estimates of $223.45 million. Twilio had a negative return on equity of 9.50% and a negative net margin of 17.87%. Twilio’s quarterly revenue was up 80.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, sell-side analysts forecast that Twilio Inc will post -1.4 earnings per share for the current fiscal year.
A number of research firms have commented on TWLO. Stephens reaffirmed a “hold” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price target on Twilio from $125.00 to $150.00 in a report on Wednesday, May 1st. Deutsche Bank raised their price target on Twilio from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Canaccord Genuity raised their price target on Twilio from $125.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $175.00 price target (up previously from $150.00) on shares of Twilio in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Twilio presently has a consensus rating of “Buy” and a consensus target price of $138.36.
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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.
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