Twilio Inc. (NYSE:TWLO) Insider Dana Wagner Sells 4,629 Shares

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,629 shares of Twilio 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 in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 transaction 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 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.

Twilio Stock Up 2.8 %

TWLO stock traded up $3.06 during midday trading on Friday, reaching $113.39. 2,629,756 shares of the company were exchanged, compared to its average volume of 2,695,022. The company has a market cap of $17.39 billion, a price-to-earnings ratio of -44.12, a price-to-earnings-growth ratio of 3.10 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $113.57. The stock’s 50-day simple moving average is $84.19 and its 200 day simple moving average is $67.58.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TWLO. Northland Securities boosted their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Sanford C. Bernstein boosted their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Mizuho raised their target price on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird raised their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus target price of $85.87.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Tidal Investments LLC increased its holdings in shares of Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares during the period. Covestor Ltd raised its holdings in Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares during the last quarter. Metis Global Partners LLC increased its holdings in Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after acquiring an additional 182 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after acquiring an additional 217 shares during the last quarter. 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.