Twilio Inc. (NYSE:TWLO) Insider Sells $360,960.00 in Stock

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 7th, Dana Wagner sold 4,512 shares of Twilio stock. The stock was 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.
• On Wednesday, August 21st, Dana Wagner sold 591 shares of Twilio stock. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17.
• On Thursday, August 15th, Dana Wagner sold 1,989 shares of Twilio stock. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41.

Twilio Stock Performance

Shares of TWLO opened at $90.31 on Thursday. The stock has a market capitalization of $14.50 billion, a PE ratio of -35.14, a price-to-earnings-growth ratio of 3.89 and a beta of 1.32. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $91.19. The business’s fifty day moving average price is $67.46 and its 200 day moving average price is $61.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TWLO. The Goldman Sachs Group lifted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Twilio from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Needham & Company LLC lifted their price objective on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein boosted their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $79.55.

Institutional Trading of Twilio

Several large investors have recently added to or reduced their stakes in TWLO. AQR Capital Management LLC raised its holdings in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP increased its stake in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after purchasing an additional 531,075 shares during the last quarter. Finally, Goldentree Asset Management LP bought a new stake in shares of Twilio during the 1st quarter worth $31,745,000. 84.27% of the stock is currently 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.