Lee Kirkpatrick Sells 14,000 Shares of Twilio Inc (NYSE:TWLO) Stock

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Twilio Inc (NYSE:TWLO) CFO Lee Kirkpatrick sold 14,000 shares of Twilio stock in a transaction on Friday, September 14th. The shares were sold at an average price of $86.76, for a total value of $1,214,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lee Kirkpatrick also recently made the following trade(s):

  • On Monday, September 17th, Lee Kirkpatrick sold 17,636 shares of Twilio stock. The shares were sold at an average price of $86.81, for a total value of $1,530,981.16.
  • On Thursday, August 16th, Lee Kirkpatrick sold 15,635 shares of Twilio stock. The shares were sold at an average price of $75.57, for a total value of $1,181,536.95.
  • On Monday, July 16th, Lee Kirkpatrick sold 12,000 shares of Twilio stock. The shares were sold at an average price of $61.20, for a total value of $734,400.00.

TWLO traded up $5.71 on Friday, hitting $75.00. 3,635,067 shares of the company were exchanged, compared to its average volume of 2,284,503. Twilio Inc has a twelve month low of $23.25 and a twelve month high of $88.88. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of -96.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20.

Twilio (NYSE:TWLO) last released its earnings results on Monday, August 6th. The technology company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.09. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The firm had revenue of $147.80 million during the quarter, compared to analysts’ expectations of $130.39 million. During the same period in the previous year, the firm posted ($0.05) EPS. Twilio’s revenue for the quarter was up 54.1% on a year-over-year basis. On average, research analysts anticipate that Twilio Inc will post -0.78 earnings per share for the current year.

Several research firms recently issued reports on TWLO. Monness Crespi & Hardt boosted their price objective on Twilio from $85.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. JMP Securities boosted their price objective on Twilio from $76.00 to $86.00 and gave the company an “outperform” rating in a report on Tuesday, September 4th. DA Davidson began coverage on Twilio in a report on Tuesday, October 2nd. They issued a “buy” rating and a $99.00 price objective on the stock. Mitsubishi UFJ Financial Group boosted their price objective on Twilio to $82.00 and gave the company an “overweight” rating in a report on Tuesday, August 14th. Finally, Bank of America boosted their price objective on Twilio from $63.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.55.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Twilio by 7.8% during the 1st quarter. BlackRock Inc. now owns 4,408,663 shares of the technology company’s stock worth $168,323,000 after acquiring an additional 317,128 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Twilio by 20.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,808,340 shares of the technology company’s stock worth $69,042,000 after acquiring an additional 310,270 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Twilio during the 2nd quarter worth about $64,266,000. Morgan Stanley boosted its position in shares of Twilio by 5.3% during the 2nd quarter. Morgan Stanley now owns 947,604 shares of the technology company’s stock worth $53,083,000 after acquiring an additional 47,775 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Twilio by 117.5% during the 2nd quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock worth $49,516,000 after acquiring an additional 477,552 shares in the last quarter. 57.90% of the stock is owned by hedge funds and other institutional investors.

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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