Twilio Inc (TWLO) CEO Jeff Lawson Buys 100,000 Shares
Twilio Inc (NASDAQ:TWLO) CEO Jeff Lawson bought 100,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average cost of $23.43 per share, for a total transaction of $2,343,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Twilio Inc (NASDAQ:TWLO) traded down 0.64% during trading on Thursday, hitting $23.30. The stock had a trading volume of 2,114,096 shares. The firm’s 50-day moving average price is $29.25 and its 200-day moving average price is $31.00. The stock’s market cap is $2.06 billion. Twilio Inc has a 1-year low of $22.80 and a 1-year high of $70.96.
Twilio (NASDAQ:TWLO) last announced its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). The firm had revenue of $87.37 million for the quarter, compared to analysts’ expectations of $83.57 million. On average, equities research analysts predict that Twilio Inc will post ($0.29) earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in TWLO. SG Americas Securities LLC bought a new position in Twilio during the third quarter valued at $230,000. Pacer Advisors Inc. raised its position in Twilio by 292.5% in the first quarter. Pacer Advisors Inc. now owns 4,580 shares of the technology company’s stock valued at $132,000 after buying an additional 3,413 shares during the period. IFP Advisors Inc raised its position in Twilio by 195.4% in the first quarter. IFP Advisors Inc now owns 4,706 shares of the technology company’s stock valued at $136,000 after buying an additional 3,113 shares during the period. Fortaleza Asset Management Inc. bought a new position in Twilio during the first quarter valued at $160,000. Finally, Washington Trust Bank raised its position in Twilio by 57.1% in the first quarter. Washington Trust Bank now owns 6,327 shares of the technology company’s stock valued at $183,000 after buying an additional 2,300 shares during the period.
Several research analysts have commented on the company. Zacks Investment Research lowered Twilio from a “buy” rating to a “hold” rating in a research report on Saturday, May 6th. Summit Research cut their price target on Twilio from $36.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Vetr downgraded Twilio from a “strong-buy” rating to a “buy” rating and set a $36.20 target price on the stock. in a research note on Thursday, April 27th. Canaccord Genuity lowered their target price on Twilio from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Finally, Northland Securities upgraded Twilio from a “market perform” rating to an “outperform” rating in a research note on Monday, March 6th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Twilio presently has a consensus rating of “Buy” and an average target price of $36.45.
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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