Twilio Inc. (NYSE:TWLO) Insider Dana Wagner Sells 1,989 Shares

Twilio Inc. (NYSE:TWLO) insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, July 5th, Dana Wagner sold 820 shares of Twilio stock. The stock was sold at an average price of $56.26, for a total value of $46,133.20.
• 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 transaction of $238,458.36.

Twilio Trading Up 1.1 %

Twilio stock traded up $0.70 during mid-day trading on Monday, hitting $61.89. The company’s stock had a trading volume of 1,982,374 shares, compared to its average volume of 2,860,880. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $10.59 billion, a PE ratio of -15.26, a price-to-earnings-growth ratio of 4.14 and a beta of 1.35. The stock’s fifty day moving average is $57.59 and its two-hundred day moving average is $59.89.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.23) EPS. On average, analysts anticipate that Twilio Inc. will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Twilio

Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Twilio during the fourth quarter worth $179,739,000. Kodai Capital Management LP acquired a new position in Twilio in the 4th quarter valued at about $82,558,000. Contrarius Investment Management Ltd purchased a new stake in Twilio during the fourth quarter worth about $80,043,000. AQR Capital Management LLC lifted its position in shares of Twilio by 736.9% during the second 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. Finally, Panagora Asset Management Inc. grew its holdings in shares of Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TWLO. Sanford C. Bernstein dropped their price objective on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Barclays reduced their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Robert W. Baird reduced their price target on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Tigress Financial began coverage on Twilio in a report on Friday, June 28th. They issued a “buy” rating and a $75.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Twilio presently has an average rating of “Hold” and an average target price of $69.95.

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.