Dana Wagner Sells 4,512 Shares of Twilio Inc. (NYSE:TWLO) Stock

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

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 value 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 value 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 value of $35,974.17.
• On Thursday, August 15th, Dana Wagner sold 1,989 shares of Twilio stock. The stock was sold at an average price of $60.69, for a total value of $120,712.41.

Twilio Trading Up 1.8 %

Shares of TWLO stock opened at $90.31 on Thursday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $91.19. The firm’s 50 day moving average is $67.46 and its 200 day moving average is $61.77. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $14.50 billion, a P/E ratio of -35.14, a P/E/G ratio of 3.89 and a beta of 1.32.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. SouthState Corp lifted its holdings in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio in the second quarter worth about $29,000. GAMMA Investing LLC boosted its holdings in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the period. Lynx Investment Advisory bought a new position in shares of Twilio during the 2nd quarter worth $45,000. Finally, Venturi Wealth Management LLC raised its stake in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TWLO shares. Robert W. Baird upped their target price on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Piper Sandler increased their target price on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Mizuho increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus target price of $79.55.

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.