Twilio Inc. (NYSE:TWLO) Insider Dana Wagner Sells 796 Shares

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 796 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the completion of the sale, the insider now owns 164,374 shares of the company’s stock, valued at approximately $10,140,232.06. The sale 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, April 4th, Dana Wagner sold 841 shares of Twilio stock. The stock was sold at an average price of $61.43, for a total value of $51,662.63.
• On Monday, April 1st, Dana Wagner sold 4,130 shares of Twilio stock. The stock was sold at an average price of $62.14, for a total value of $256,638.20.
• On Wednesday, February 21st, Dana Wagner sold 458 shares of Twilio stock. The stock was sold at an average price of $55.71, for a total value of $25,515.18.

Twilio Stock Performance

TWLO opened at $60.20 on Thursday. The company has a market cap of $10.30 billion, a PE ratio of -15.01, a price-to-earnings-growth ratio of 10.20 and a beta of 1.33. The stock has a 50-day moving average of $60.81 and a 200-day moving average of $64.99. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TWLO shares. Barclays boosted their target price on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Sanford C. Bernstein cut their target price on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Wednesday, March 6th. Canaccord Genuity Group dropped their price target on Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $69.95.

Institutional Trading of Twilio

Several large investors have recently made changes to their positions in TWLO. Principal Securities Inc. acquired a new position in Twilio in the 4th quarter valued at approximately $25,000. Truvestments Capital LLC raised its holdings in Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after acquiring an additional 247 shares in the last quarter. Activest Wealth Management raised its holdings in Twilio by 327.9% in the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. Westend Capital Management LLC acquired a new position in Twilio in the 1st quarter valued at approximately $35,000. Finally, Blue Trust Inc. raised its holdings in Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after acquiring an additional 564 shares in the last quarter. 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.