Dana Wagner Sells 4,174 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,174 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.02, for a total value of $271,393.48. Following the sale, the insider now directly owns 152,563 shares of the company’s stock, valued at approximately $9,919,646.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 21st, Dana Wagner sold 591 shares of Twilio stock. The stock was sold at an average price of $60.87, for a total value of $35,974.17.
• 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 transaction 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.

Twilio Stock Performance

Shares of NYSE TWLO traded up $2.64 during trading on Wednesday, reaching $66.37. 2,510,512 shares of the stock traded hands, compared to its average volume of 2,701,312. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The stock has a market capitalization of $11.36 billion, a P/E ratio of -16.24, a price-to-earnings-growth ratio of 3.68 and a beta of 1.35. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a 50-day moving average of $60.63 and a 200-day moving average of $59.54.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share. Analysts forecast that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. SouthState Corp lifted its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio during the 2nd quarter worth about $29,000. Westend Capital Management LLC bought a new position in Twilio in the 1st quarter worth about $35,000. GAMMA Investing LLC grew its holdings in Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares in the last quarter. Finally, Lynx Investment Advisory bought a new stake in shares of Twilio during the second quarter valued at about $45,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TWLO has been the subject of several research reports. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein upped their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Barclays cut their price target on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company raised their target price on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two equities 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. Based on data from MarketBeat, Twilio presently has an average rating of “Hold” and an average price target of $70.52.

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.