Today: The Twilio Inc (TWLO) Director Scott Campbell Raney Sold 503,496 Shares

The Twilio Inc (TWLO) Director Scott Campbell Raney Sold 503,496 Shares

Twilio Inc (NASDAQ:TWLO) Director Scott Campbell Raney sold 503,496 shares of the business’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $38.60, for a total transaction of $19,434,945.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Twilio Inc (NASDAQ:TWLO) opened at 35.42 on Monday. The firm’s market cap is $2.99 billion. The stock has a 50 day moving average of $53.95 and a 200 day moving average of $48.38. Twilio Inc has a 52 week low of $23.66 and a 52 week high of $70.96.

Twilio (NASDAQ:TWLO) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. The company earned $64.50 million during the quarter, compared to analyst estimates of $39.95 million. Twilio’s revenue was up 70.0% on a year-over-year basis. Analysts anticipate that Twilio Inc will post ($0.27) earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Concert Wealth Management Inc. bought a new stake in Twilio during the third quarter valued at approximately $334,000. Nwam LLC acquired a new stake in shares of Twilio during the third quarter valued at about $203,000. Parker Investment Management LLC acquired a new stake in shares of Twilio during the third quarter valued at about $284,000. Cupps Capital Management LLC acquired a new stake in shares of Twilio during the third quarter valued at about $1,240,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of Twilio during the third quarter valued at about $270,000.

A number of equities analysts recently issued reports on TWLO shares. JPMorgan Chase & Co. started coverage on shares of Twilio in a research report on Monday, July 18th. They set a “neutral” rating and a $39.00 target price on the stock. They noted that the move was a valuation call. William Blair reissued an “outperform” rating on shares of Twilio in a report on Thursday, August 11th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $37.00 price target (up previously from $33.00) on shares of Twilio in a report on Thursday, August 11th. JMP Securities reissued a “market perform” rating on shares of Twilio in a report on Thursday, August 11th. Finally, Argus started coverage on shares of Twilio in a report on Thursday, August 25th. They issued a “hold” rating and a $39.00 price target on the stock. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.80.

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