Twilio Inc (NYSE:TWLO) General Counsel Karyn Smith sold 24,487 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $129.72, for a total transaction of $3,176,453.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, February 22nd, Karyn Smith sold 25,486 shares of Twilio stock. The stock was sold at an average price of $115.30, for a total transaction of $2,938,535.80.
  • On Friday, February 15th, Karyn Smith sold 1,360 shares of Twilio stock. The stock was sold at an average price of $106.22, for a total transaction of $144,459.20.
  • On Friday, January 18th, Karyn Smith sold 3,261 shares of Twilio stock. The stock was sold at an average price of $104.28, for a total transaction of $340,057.08.
  • On Tuesday, January 15th, Karyn Smith sold 733 shares of Twilio stock. The stock was sold at an average price of $98.52, for a total transaction of $72,215.16.

TWLO traded down $6.13 during trading on Friday, reaching $129.53. 4,189,324 shares of the company traded hands, compared to its average volume of 4,503,402. Twilio Inc has a 12-month low of $35.89 and a 12-month high of $136.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.33 and a quick ratio of 6.33. The firm has a market cap of $16.74 billion, a P/E ratio of -161.91 and a beta of 1.34.

Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.21. Twilio had a negative net margin of 18.76% and a negative return on equity of 21.00%. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $184.46 million. During the same period last year, the firm posted ($0.03) earnings per share. Twilio’s revenue for the quarter was up 77.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Twilio Inc will post -1.08 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its holdings in shares of Twilio by 83.1% in 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 in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Twilio in the fourth quarter valued at $71,000. Victory Capital Management Inc. grew its holdings in shares of Twilio by 168.0% in 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 in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Twilio in the fourth quarter valued at $28,234,000. Finally, Berkshire Capital Holdings Inc. grew its holdings in shares of Twilio by 15.5% in 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 in the last quarter. 56.77% of the stock is owned by hedge funds and other institutional investors.

TWLO has been the subject of several analyst reports. Zacks Investment Research raised shares of Twilio from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, January 10th. Bank of America reaffirmed a “buy” rating and set a $125.00 price objective (up from $92.00) on shares of Twilio in a report on Thursday, February 7th. Morgan Stanley assumed coverage on shares of Twilio in a report on Friday, March 15th. They set an “equal weight” rating and a $130.00 price objective for the company. Guggenheim assumed coverage on shares of Twilio in a report on Monday, March 11th. They set a “buy” rating and a $140.00 price objective for the company. Finally, JMP Securities increased their price objective on shares of Twilio from $120.00 to $123.00 and gave the company a “market outperform” rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Twilio presently has an average rating of “Buy” and an average price target of $114.76.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://theolympiareport.com/2019/03/22/twilio-inc-twlo-general-counsel-karyn-smith-sells-24487-shares.html.

About Twilio

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.

Featured Story: Compound Interest

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

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.