Twilio Inc. (TWLO) General Counsel Karyn Smith Sells 5,213 Shares

Twilio Inc. (NYSE:TWLO) General Counsel Karyn Smith sold 5,213 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $31.23, for a total transaction of $162,801.99. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Karyn Smith also recently made the following trade(s):

  • On Monday, August 21st, Karyn Smith sold 5,213 shares of Twilio stock. The shares were sold at an average price of $29.21, for a total transaction of $152,271.73.
  • On Wednesday, July 19th, Karyn Smith sold 5,381 shares of Twilio stock. The shares were sold at an average price of $31.40, for a total transaction of $168,963.40.
  • On Monday, July 17th, Karyn Smith sold 712 shares of Twilio stock. The shares were sold at an average price of $29.18, for a total transaction of $20,776.16.

Twilio Inc. (NYSE:TWLO) traded down 1.71% during mid-day trading on Wednesday, reaching $30.51. 915,681 shares of the company’s stock were exchanged. Twilio Inc. has a 52 week low of $25.98 and a 52 week high of $70.96. The stock has a 50-day moving average price of $30.80 and a 200-day moving average price of $30.80. The stock’s market cap is $2.80 billion.

Twilio (NYSE:TWLO) last posted its earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.20). The company had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The company’s revenue for the quarter was up 48.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) EPS. On average, analysts forecast that Twilio Inc. will post ($0.22) earnings per share for the current year.

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Several equities analysts have recently weighed in on the stock. Canaccord Genuity raised their price objective on shares of Twilio from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Drexel Hamilton restated a “buy” rating and set a $47.00 price objective (up previously from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Twilio in a research report on Tuesday. Vetr lowered shares of Twilio from a “strong-buy” rating to a “buy” rating and set a $32.34 price objective for the company. in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of Twilio from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Twilio has an average rating of “Buy” and a consensus target price of $37.50.

Institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its position in shares of Twilio by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after buying an additional 34 shares during the period. Pacer Advisors Inc. grew its position in shares of Twilio by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after buying an additional 555 shares during the period. IFP Advisors Inc grew its position in shares of Twilio by 10.0% during the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after buying an additional 469 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Twilio during the 2nd quarter worth about $159,000. Finally, US Bancorp DE grew its position in shares of Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after buying an additional 3,878 shares during the period. Institutional investors own 84.25% of the company’s stock.

About Twilio

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).

Insider Buying and Selling by Quarter for Twilio (NYSE:TWLO)

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