Twilio Inc. (NYSE:TWLO) Insider Sells $360,960.00 in Stock

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, October 7th, Dana Wagner sold 4,512 shares of Twilio stock. The stock was 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 shares were 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 stock was 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 shares were sold at an average price of $60.69, for a total transaction of $120,712.41.

Twilio Price Performance

Shares of TWLO stock opened at $88.69 on Wednesday. Twilio Inc. has a twelve month low of $52.45 and a twelve month high of $89.22. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $66.87 and a two-hundred day simple moving average of $61.57. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of -34.51, a P/E/G ratio of 3.77 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TWLO. Barclays raised their price objective on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Needham & Company LLC boosted their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley upped their price target on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of “Hold” and an average target price of $79.55.

Institutional Trading of Twilio

A number of hedge funds have recently added to or reduced their stakes in TWLO. Victory Capital Management Inc. increased its position in Twilio by 41.8% during the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock valued at $2,537,000 after purchasing an additional 11,472 shares during the period. Aigen Investment Management LP bought a new position in shares of Twilio during the third quarter valued at approximately $415,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Twilio by 0.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company’s stock valued at $24,507,000 after buying an additional 3,238 shares during the period. Entropy Technologies LP raised its stake in Twilio by 147.6% in the third quarter. Entropy Technologies LP now owns 24,596 shares of the technology company’s stock worth $1,604,000 after buying an additional 14,662 shares in the last quarter. Finally, Versor Investments LP lifted its holdings in Twilio by 12.0% during the third quarter. Versor Investments LP now owns 14,109 shares of the technology company’s stock worth $920,000 after buying an additional 1,509 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.