Twilio Inc. (NYSE:TWLO) Insider Sells $509,190.00 in Stock

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,629 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a 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 31st, Dana Wagner sold 4,512 shares of Twilio stock. The stock was sold at an average price of $80.00, for a total value of $360,960.00.
• On Monday, October 7th, Dana Wagner sold 4,512 shares of Twilio stock. The shares were 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 value of $271,393.48.

Twilio Price Performance

Shares of NYSE:TWLO opened at $113.42 on Monday. The business has a fifty day simple moving average of $85.16 and a 200-day simple moving average of $68.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $113.57. The company has a market cap of $17.40 billion, a P/E ratio of -44.13, a P/E/G ratio of 3.28 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Analyst Upgrades and Downgrades

Several analysts recently commented on TWLO shares. TD Cowen raised their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $120.00 in a research report on Tuesday, November 12th. Morgan Stanley raised their price objective on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Robert W. Baird boosted their target price on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Sanford C. Bernstein raised their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.87.

Institutional Trading of Twilio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC increased its holdings in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the last quarter. SouthState Corp increased its stake in 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio in the 2nd quarter worth about $29,000. GAMMA Investing LLC lifted its stake in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Twilio during the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.