Twilio Inc. (NYSE:TWLO) Insider Dana Wagner Sells 591 Shares

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 591 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the sale, the insider now directly owns 156,737 shares in the company, valued at approximately $9,540,581.19. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, August 15th, Dana Wagner sold 1,989 shares of Twilio stock. The shares were sold at an average price of $60.69, for a total value of $120,712.41.
• 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 value of $46,133.20.
• On Monday, July 1st, Dana Wagner sold 4,237 shares of Twilio stock. The shares were sold at an average price of $56.28, for a total value of $238,458.36.

Twilio Price Performance

Shares of TWLO stock opened at $58.89 on Friday. The firm has a market cap of $10.08 billion, a P/E ratio of -14.69, a P/E/G ratio of 4.18 and a beta of 1.35. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The business’s 50 day moving average price is $57.84 and its 200-day moving average price is $59.75. 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 data on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for 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 business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned ($0.23) EPS. On average, equities research analysts anticipate that Twilio Inc. will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TWLO. Tigress Financial started coverage on Twilio in a report on Friday, June 28th. They issued a “buy” rating and a $75.00 price target on the stock. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Sunday, July 28th. Sanford C. Bernstein reduced their price objective on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 8th. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $70.00 to $60.00 in a research report on Friday, June 14th. Finally, Canaccord Genuity Group reduced their price objective on Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. Principal Securities Inc. purchased a new position in shares of Twilio in the 4th quarter valued at approximately $25,000. SouthState Corp lifted its stake in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio in the 2nd quarter valued at approximately $29,000. Activest Wealth Management raised its stake in Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after buying an additional 400 shares during the last quarter. Finally, Westend Capital Management LLC purchased a new position in Twilio during the first quarter valued at $35,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

About Twilio

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.