Twilio Inc (TWLO) COO Sells $1,710,952.75 in Stock

Twilio Inc (NYSE:TWLO) COO George Hu sold 22,889 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $74.75, for a total value of $1,710,952.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

George Hu also recently made the following trade(s):

  • On Monday, August 13th, George Hu sold 5,000 shares of Twilio stock. The shares were sold at an average price of $75.44, for a total value of $377,200.00.
  • On Friday, July 27th, George Hu sold 7,614 shares of Twilio stock. The shares were sold at an average price of $62.97, for a total value of $479,453.58.
  • On Monday, July 23rd, George Hu sold 5,000 shares of Twilio stock. The shares were sold at an average price of $63.39, for a total value of $316,950.00.
  • On Wednesday, July 25th, George Hu sold 15,000 shares of Twilio stock. The shares were sold at an average price of $63.28, for a total value of $949,200.00.
  • On Friday, July 20th, George Hu sold 10,000 shares of Twilio stock. The shares were sold at an average price of $63.03, for a total value of $630,300.00.
  • On Tuesday, July 17th, George Hu sold 5,000 shares of Twilio stock. The shares were sold at an average price of $63.03, for a total value of $315,150.00.
  • On Friday, July 13th, George Hu sold 10,000 shares of Twilio stock. The shares were sold at an average price of $60.20, for a total value of $602,000.00.
  • On Tuesday, June 19th, George Hu sold 6,886 shares of Twilio stock. The shares were sold at an average price of $60.10, for a total value of $413,848.60.
  • On Friday, June 15th, George Hu sold 9,500 shares of Twilio stock. The shares were sold at an average price of $60.00, for a total value of $570,000.00.
  • On Wednesday, June 13th, George Hu sold 10,000 shares of Twilio stock. The shares were sold at an average price of $60.02, for a total value of $600,200.00.

Shares of NYSE:TWLO opened at $75.70 on Friday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of -97.05 and a beta of -0.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20. Twilio Inc has a 52-week low of $23.25 and a 52-week high of $79.47.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Monday, August 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $147.80 million for the quarter, compared to analyst estimates of $130.39 million. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The company’s quarterly revenue was up 54.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. equities research analysts anticipate that Twilio Inc will post -0.78 earnings per share for the current year.

Several brokerages recently commented on TWLO. Mitsubishi UFJ Financial Group upped their target price on Twilio to $82.00 and gave the company an “overweight” rating in a research report on Tuesday. Oppenheimer upped their target price on Twilio from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. upped their target price on Twilio to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, August 7th. Robert W. Baird upped their target price on Twilio from $50.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 7th. Finally, Northland Securities reiterated a “buy” rating and issued a $75.00 price target on shares of Twilio in a report on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.43.

Several institutional investors have recently modified their holdings of TWLO. Whale Rock Capital Management LLC purchased a new stake in shares of Twilio in the second quarter worth approximately $64,266,000. Millennium Management LLC raised its stake in shares of Twilio by 117.5% in the second quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock worth $49,516,000 after purchasing an additional 477,552 shares during the last quarter. Harvest Capital Strategies LLC purchased a new stake in shares of Twilio in the first quarter worth approximately $17,181,000. Lord Abbett & CO. LLC purchased a new stake in shares of Twilio in the first quarter worth approximately $16,992,000. Finally, Wells Fargo & Company MN raised its stake in shares of Twilio by 122.9% in the second quarter. Wells Fargo & Company MN now owns 670,664 shares of the technology company’s stock worth $37,571,000 after purchasing an additional 369,791 shares during the last quarter. 60.31% of the stock is owned by hedge funds and other institutional investors.

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.

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