5 hot insider trades: Twilio CEO buys $10 million of shares | Pro Recap By Investing.com

By Davit Kirakosyan

Investing.com — Here is your Pro Recap of the biggest insider trades from the past week you may have missed on InvestingPro. Start your free 7-day trial to get this news first.

Twilio CEO buys $10 million worth of shares

Twilio (NYSE:) shares gained more than 5% on Tuesday after CEO, Jeff Lawson, disclosed that he purchased 158,081 shares, or about $10M worth, at $62.459-$64.059.

Shares were bought indirectly through the Lawson Revocable Trust. He now owns 226,397 shares indirectly and 184,032 shares directly.

The company reported its last month, with both EPS and revenues coming in better than the consensus estimates. However, two days after the beat announcement, CFRA downgraded the stock to Buy from Strong Buy with a price target of $96.00, erasing the significant share price gains following the beat.

Keurig Dr Pepper CFO purchases shares

Keurig Dr Pepper (NASDAQ:) CFO, Shekhar Priyadarshi Sudhanshu, bought 20,000 shares, or $711,800 worth, at $35.59.

Last month, the company reported its , with in-line EPS and revenues. Also, last month Citi initiated coverage on the company with a Neutral rating and a price target of $37.00.

3 more insider purchases

Healthpeak Properties (NYSE:) CEO, Scott Brinker, bought 16,300 shares, or $385,169 worth, at $23.63.

Pebblebrook Hotel (NYSE:) Trust Chairman/CEO, Jon Bortz, bought 21,000 shares, or $300,000 worth, at $14.304-$14.536.

Glatfelter (NYSE:) SVP, Wolfgang Laures, bought 277,000 shares, or more than $1M worth, at $3.722.