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

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 796 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Trading Down 2.1 %

Shares of NYSE:TWLO opened at $58.93 on Friday. The company has a market cap of $10.09 billion, a P/E ratio of -14.70, a P/E/G ratio of 10.15 and a beta of 1.33. The stock’s 50-day moving average is $60.77 and its 200-day moving average is $64.95. 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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TWLO. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. The Goldman Sachs Group increased their price objective on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Macquarie cut their target price on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Company cut their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 6th. Finally, Jefferies Financial Group cut their target price on Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.95.

Institutional Investors Weigh In On Twilio

Several hedge funds and other institutional investors have recently made changes to their positions in TWLO. Norges Bank acquired a new stake in Twilio during the fourth quarter worth about $179,739,000. Kodai Capital Management LP acquired a new stake in Twilio during the fourth quarter worth about $82,558,000. Contrarius Investment Management Ltd acquired a new stake in Twilio during the fourth quarter worth about $80,043,000. Robertson Stephens Wealth Management LLC grew its position in Twilio by 102.2% during the third quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company’s stock worth $807,000 after buying an additional 650,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Twilio by 73.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock worth $70,965,000 after purchasing an additional 515,068 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

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.