Twilio Inc. (NYSE:TWLO) Insider Sells $51,662.63 in Stock

Twilio Inc. (NYSE:TWLO - Get Free Report) insider Dana Wagner sold 841 shares of the company's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $61.43, for a total value of $51,662.63. Following the completion of the sale, the insider now owns 166,773 shares in the company, valued at $10,244,865.39. The sale 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 Monday, April 1st, Dana Wagner sold 4,130 shares of Twilio stock. The shares were 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 shares were sold at an average price of $55.71, for a total value of $25,515.18.
• On Thursday, February 15th, Dana Wagner sold 1,666 shares of Twilio stock. The stock was sold at an average price of $62.92, for a total value of $104,824.72.

Twilio Stock Up 2.0 %

Shares of TWLO stock traded up $1.18 during trading hours on Monday, reaching $61.26. The company had a trading volume of 2,435,445 shares, compared to its average volume of 3,467,759. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $78.16. The company has a market capitalization of $11.09 billion, a P/E ratio of -11.06 and a beta of 1.35. The stock's fifty day simple moving average is $62.66 and its 200 day simple moving average is $63.86.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. As a group, sell-side analysts expect that Twilio Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Twilio

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Twilio by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company's stock worth $1,351,212,000 after buying an additional 241,738 shares during the last quarter. BlackRock Inc. lifted its holdings in Twilio by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,519,294 shares of the technology company's stock worth $767,531,000 after buying an additional 256,578 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Twilio by 9.2% during the 4th quarter. Voya Investment Management LLC now owns 8,393,389 shares of the technology company's stock worth $636,806,000 after buying an additional 709,400 shares during the last quarter. ARK Investment Management LLC lifted its holdings in Twilio by 1.3% during the 3rd quarter. ARK Investment Management LLC now owns 7,132,012 shares of the technology company's stock worth $417,437,000 after buying an additional 93,828 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Twilio by 1.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company's stock worth $359,118,000 after buying an additional 111,093 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on TWLO. Robert W. Baird increased their target price on Twilio from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Northland Securities downgraded Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 target price on the stock. in a research report on Thursday, February 15th. Wells Fargo & Company reduced their target price on Twilio from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 6th. Stifel Nicolaus reduced their target price on Twilio from $70.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday, March 6th. Finally, Barclays upped their price target on Twilio from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Twilio presently has an average rating of "Hold" and a consensus target price of $68.90.

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.