Twilio Inc. (NYSE:TWLO) Insider Dana Wagner Sells 1,989 Shares

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 1,989 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now owns 157,328 shares of the company’s stock, valued at approximately $9,548,236.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dana Wagner also recently made the following trade(s):

• On Friday, July 5th, Dana Wagner sold 820 shares of Twilio stock. The shares were sold at an average price of $56.26, for a total transaction of $46,133.20.
• On Monday, July 1st, Dana Wagner sold 4,237 shares of Twilio stock. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36.

Twilio Stock Performance

NYSE TWLO opened at $59.26 on Thursday. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a fifty day moving average of $57.78 and a 200-day moving average of $59.75. The company has a market capitalization of $10.14 billion, a P/E ratio of -14.78, a P/E/G ratio of 4.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.23) earnings per share. As a group, equities research analysts predict that Twilio Inc. will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. purchased a new stake in shares of Twilio in the 4th quarter valued at $25,000. SouthState Corp raised its position in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Twilio in the second quarter worth $29,000. Activest Wealth Management lifted its stake in Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after purchasing an additional 400 shares during the last quarter. Finally, Westend Capital Management LLC purchased a new stake in Twilio during the first quarter valued at about $35,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on TWLO shares. Tigress Financial started coverage on shares of Twilio in a report on Friday, June 28th. They issued a “buy” rating and a $75.00 price objective for the company. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $70.00 to $60.00 in a research report on Friday, June 14th. Needham & Company LLC reiterated a “buy” rating and set a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. JPMorgan Chase & Co. raised their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird reduced their target price on Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.95.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.