Dana Wagner Sells 820 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 820 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the transaction, the insider now directly owns 159,317 shares of the company’s stock, valued at $8,963,174.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, July 1st, Dana Wagner sold 4,237 shares of Twilio stock. The stock was sold at an average price of $56.28, for a total value of $238,458.36.
• On Monday, May 20th, Dana Wagner sold 796 shares of Twilio stock. The stock was sold at an average price of $61.69, for a total value of $49,105.24.

Twilio Stock Up 1.7 %

TWLO stock opened at $57.00 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. The business has a 50 day simple moving average of $57.82 and a 200-day simple moving average of $62.57. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. Sell-side analysts anticipate that Twilio Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

TWLO has been the topic of several research analyst reports. Robert W. Baird dropped their price target on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. Tigress Financial started coverage on Twilio in a research note on Friday, June 28th. They set a “buy” rating and a $75.00 price target on the stock. Macquarie lowered their target price on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, Piper Sandler lowered their target price on Twilio from $79.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus target price of $69.38.

Institutional Investors Weigh In On Twilio

A number of large investors have recently made changes to their positions in TWLO. Principal Securities Inc. purchased a new position in Twilio in the fourth quarter worth approximately $25,000. Activest Wealth Management grew its position in Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after acquiring an additional 400 shares during the period. Westend Capital Management LLC purchased a new position in Twilio in the first quarter worth approximately $35,000. GAMMA Investing LLC grew its position in Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after acquiring an additional 264 shares during the period. Finally, Lynx Investment Advisory purchased a new position in Twilio in the second quarter worth approximately $45,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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.