Trade Report: The Twilio Inc (TWLO) General Counsel Karyn Smith Sold 13,863 Shares

The Twilio Inc (TWLO) General Counsel Karyn Smith Sold 13,863 Shares

Twilio Inc (NASDAQ:TWLO) General Counsel Karyn Smith sold 13,863 shares of the stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $38.60, for a total transaction of $535,111.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TWLO. Concert Wealth Management Inc. purchased a new position in shares of Twilio during the third quarter valued at $334,000. Nwam LLC bought a new position in Twilio during the third quarter worth approximately $203,000. Parker Investment Management LLC bought a new position in Twilio during the third quarter worth approximately $284,000. Cupps Capital Management LLC bought a new position in Twilio during the third quarter worth approximately $1,240,000. Finally, Capital Asset Advisory Services LLC bought a new position in Twilio during the third quarter worth approximately $270,000.

TWLO has been the subject of several recent research reports. Argus initiated coverage on shares of Twilio in a research note on Thursday, August 25th. They issued a “hold” rating and a $39.00 price objective for the company. They noted that the move was a valuation call. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Thursday, August 11th. Canaccord Genuity initiated coverage on shares of Twilio in a research note on Monday, July 18th. They issued a “hold” rating and a $40.00 price objective for the company. JMP Securities initiated coverage on shares of Twilio in a research note on Monday, July 18th. They issued a “market perform” rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Twilio in a research note on Monday, July 18th. They issued a “neutral” rating and a $39.00 price objective for the company. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.80.

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