Twilio Inc. (NYSE:TWLO) Insider Sells $238,458.36 in Stock

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,237 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the completion of the transaction, the insider now directly owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, May 20th, Dana Wagner sold 796 shares of Twilio stock. The stock was sold at an average price of $61.69, for a total value of $49,105.24.
• On Thursday, April 4th, Dana Wagner sold 841 shares of Twilio stock. The shares were sold at an average price of $61.43, for a total value of $51,662.63.

Twilio Trading Down 1.3 %

Shares of TWLO stock traded down $0.72 during trading hours on Wednesday, reaching $56.50. The company’s stock had a trading volume of 1,262,498 shares, compared to its average volume of 3,008,563. The stock has a market capitalization of $9.67 billion, a P/E ratio of -14.07, a P/E/G ratio of 9.59 and a beta of 1.35. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The firm’s fifty day simple moving average is $58.39 and its 200 day simple moving average is $63.34. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. Equities research analysts expect that Twilio Inc. will post 0.18 EPS for the current year.

Institutional Trading of Twilio

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares during the period. Norges Bank purchased a new stake in Twilio during the fourth quarter valued at approximately $179,739,000. Kodai Capital Management LP raised its position in Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares during the period. Dimensional Fund Advisors LP raised its position in Twilio by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock valued at $105,131,000 after purchasing an additional 217,796 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Twilio by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock valued at $95,261,000 after purchasing an additional 43,124 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. Piper Sandler raised their target price on Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. Sanford C. Bernstein reduced their price objective on Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus cut their price target on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Twilio has an average rating of “Hold” and an average target price of $69.48.

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.