Twilio Inc. (NYSE:TWLO) Insider Dana Wagner Sells 4,629 Shares

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, October 31st, Dana Wagner sold 4,512 shares of Twilio stock. The stock was sold at an average price of $80.00, for a total value of $360,960.00.
• On Monday, October 7th, Dana Wagner sold 4,512 shares of Twilio stock. The shares were sold at an average price of $70.00, for a total value of $315,840.00.
• On Thursday, October 3rd, Dana Wagner sold 1,248 shares of Twilio stock. The stock was sold at an average price of $65.54, for a total value of $81,793.92.
• On Monday, September 30th, Dana Wagner sold 4,174 shares of Twilio stock. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48.

Twilio Price Performance

Shares of Twilio stock traded up $3.06 during mid-day trading on Friday, reaching $113.39. 2,629,756 shares of the stock traded hands, compared to its average volume of 2,695,022. The stock has a market capitalization of $17.39 billion, a PE ratio of -44.12, a PEG ratio of 3.10 and a beta of 1.38. The business has a 50-day moving average of $84.19 and a 200 day moving average of $67.58. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $113.57. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TWLO. Tidal Investments LLC lifted its stake in shares of Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after buying an additional 112 shares in the last quarter. Covestor Ltd lifted its stake in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares in the last quarter. Metis Global Partners LLC lifted its stake in Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares in the last quarter. Arizona State Retirement System grew its position in shares of Twilio by 0.4% in the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 205 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after purchasing an additional 217 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of research reports. Mizuho increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Oppenheimer boosted their price objective on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Northland Securities raised their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus price target of $85.87.

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.