Insider Selling: Twilio Inc. (NYSE:TWLO) Insider Sells $315,840.00 in Stock

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, October 3rd, Dana Wagner sold 1,248 shares of Twilio stock. The shares were 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 shares were sold at an average price of $65.02, for a total value of $271,393.48.
• On Wednesday, August 21st, Dana Wagner sold 591 shares of Twilio stock. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17.
• On Thursday, August 15th, Dana Wagner sold 1,989 shares of Twilio stock. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41.

Twilio Stock Up 2.1 %

TWLO traded up $1.44 during trading on Wednesday, hitting $69.18. 1,354,220 shares of the company’s stock traded hands, compared to its average volume of 2,681,912. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of -17.16, a PEG ratio of 3.84 and a beta of 1.35. The company’s 50 day simple moving average is $61.56 and its two-hundred day simple moving average is $59.75. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

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

Analyst Ratings Changes

TWLO has been the subject of a number of analyst reports. Sanford C. Bernstein increased 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. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price objective (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Barclays reduced their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.52.

Institutional Investors Weigh In On Twilio

A number of large investors have recently added to or reduced their stakes in TWLO. Tobam grew its holdings in shares of Twilio by 243.6% in the third quarter. Tobam now owns 21,645 shares of the technology company’s stock worth $1,412,000 after acquiring an additional 15,346 shares during the period. CWM LLC grew its stake in shares of Twilio by 45.0% during the 3rd quarter. CWM LLC now owns 20,569 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 6,387 shares during the period. Atomi Financial Group Inc. increased its position in shares of Twilio by 25.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 5,496 shares of the technology company’s stock valued at $358,000 after purchasing an additional 1,113 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Twilio by 24.6% in the 3rd quarter. Miracle Mile Advisors LLC now owns 11,132 shares of the technology company’s stock worth $726,000 after purchasing an additional 2,200 shares during the period. Finally, Diversified Trust Co purchased a new position in shares of Twilio in the third quarter worth approximately $1,288,000. Institutional investors own 84.27% of the company’s stock.

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.