Twilio CEO Jeff Lawson had the biggest insider buy last week, according to VerityData.
Twilio CEO Jeff Lawson bought $10 million worth of his company's stock last week, putting him at the top of the list for insider buying, according to VerityData and securities filings. The buy was Lawson's first since May 2017, according to VerityData. Lawson's purchase coincided with a quarter-million dollar buy from director Donna Dubinsky. Twilio also announced a $1 billion buyback plan on Feb. 15.
mountain Twilio has rallied to start 2023. Lawson's purchase could lead to more interest from professional investors, many of whom track insider buying as a signal of a company's quality. If an executive or board member is buying additional shares outside of their compensation, the theory goes, then they are likely to be confident in the outlook for the business and believe the stock is undervalued.
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