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

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction 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.
• 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 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 value of $120,712.41.

Twilio Stock Up 1.4 %

Shares of TWLO stock opened at $70.10 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company’s fifty day moving average price is $61.76 and its 200-day moving average price is $59.81. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of -17.48, a PEG ratio of 3.84 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced 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. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned ($0.23) earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts expect that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TWLO. Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Barclays cut their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Wells Fargo & Company raised their price target on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.52.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Twilio by 450.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the technology company’s stock valued at $72,000 after purchasing an additional 900 shares in the last quarter. Tobam grew its stake in shares of Twilio by 243.6% in the 3rd quarter. Tobam now owns 21,645 shares of the technology company’s stock worth $1,412,000 after buying an additional 15,346 shares in the last quarter. CWM LLC increased its holdings in shares of Twilio by 45.0% in the 3rd quarter. CWM LLC now owns 20,569 shares of the technology company’s stock worth $1,342,000 after buying an additional 6,387 shares during the last quarter. Atomi Financial Group Inc. raised 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 buying an additional 1,113 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings 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 valued at $726,000 after acquiring an additional 2,200 shares during the last quarter. Hedge funds and other 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.