Twilio Inc. (TWLO) CFO Lee Kirkpatrick Sells 7,000 Shares
Twilio Inc. (NYSE:TWLO) CFO Lee Kirkpatrick sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $25.38, for a total value of $177,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Lee Kirkpatrick also recently made the following trade(s):
- On Monday, October 16th, Lee Kirkpatrick sold 10,000 shares of Twilio stock. The stock was sold at an average price of $32.17, for a total value of $321,700.00.
- On Friday, September 15th, Lee Kirkpatrick sold 13,829 shares of Twilio stock. The stock was sold at an average price of $30.85, for a total value of $426,624.65.
Twilio Inc. (NYSE TWLO) traded down $0.43 during trading hours on Friday, hitting $25.68. The stock had a trading volume of 1,722,655 shares, compared to its average volume of 2,795,948. Twilio Inc. has a 52 week low of $22.80 and a 52 week high of $38.88.
Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The company had revenue of $100.54 million during the quarter, compared to analyst estimates of $92.50 million. Twilio had a negative return on equity of 17.72% and a negative net margin of 15.69%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. sell-side analysts predict that Twilio Inc. will post -0.75 EPS for the current fiscal year.
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Several research firms recently commented on TWLO. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a research note on Tuesday. Northland Securities set a $36.00 price target on Twilio and gave the stock a “buy” rating in a research note on Monday, November 13th. Robert W. Baird reissued a “buy” rating and issued a $37.00 price objective on shares of Twilio in a report on Friday, November 10th. BidaskClub lowered Twilio from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, JMP Securities reissued an “outperform” rating and issued a $38.00 price objective on shares of Twilio in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.78.
Several large investors have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Twilio by 19.8% during 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 during the last quarter. Vanguard Group Inc. grew its holdings in shares of Twilio by 21.1% during 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Twilio by 6.3% during the third quarter. Bank of New York Mellon Corp now owns 4,096,296 shares of the technology company’s stock valued at $122,275,000 after purchasing an additional 241,509 shares during the last quarter. Coatue Management LLC grew its holdings in shares of Twilio by 329.4% during 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 during the last quarter. Finally, Foxhaven Asset Management LP grew its holdings in shares of Twilio by 1,068.4% during 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 during the last quarter. 57.79% of the stock is owned by institutional investors.
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).
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