Twilio Inc. (NYSE:TWLO – Free Report) insider Dana Wagner sold 3,885 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $64.09, for a total transaction of $248,989.65. Following the completion of the sale, the insider now owns 153,621 shares of the company’s stock, valued at $9,845,569.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Dana Wagner also recently made the following trade(s):
- On Monday, May 15th, Dana Wagner sold 1,977 shares of Twilio stock. The shares were sold at an average price of $45.49, for a total transaction of $89,933.73.
Twilio Trading Up 1.9 %
NYSE TWLO opened at $65.26 on Thursday. Twilio Inc. has a 12 month low of $41.00 and a 12 month high of $98.67. The stock has a 50-day simple moving average of $59.62 and a 200 day simple moving average of $59.44. The company has a current ratio of 6.16, a quick ratio of 6.16 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $12.00 billion, a PE ratio of -8.72 and a beta of 1.38.
Institutional Trading of Twilio
A number of institutional investors have recently modified their holdings of the company. James Investment Research Inc. bought a new position in shares of Twilio during the 4th quarter worth approximately $26,000. Ameritas Advisory Services LLC acquired a new position in Twilio during the first quarter worth $32,000. Lazard Asset Management LLC grew its position in Twilio by 169.4% in the third quarter. Lazard Asset Management LLC now owns 501 shares of the technology company’s stock valued at $34,000 after purchasing an additional 315 shares in the last quarter. Covestor Ltd increased its stake in Twilio by 419.5% in the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after buying an additional 172 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in Twilio during the 4th quarter worth about $36,000. 77.29% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on TWLO shares. Royal Bank of Canada reduced their target price on Twilio from $75.00 to $55.00 in a report on Wednesday, May 10th. StockNews.com raised Twilio from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. UBS Group dropped their target price on shares of Twilio from $93.00 to $85.00 in a research report on Wednesday, May 3rd. Mizuho cut shares of Twilio from a “buy” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $55.00 in a research report on Friday, May 12th. Finally, Piper Sandler decreased their price objective on shares of Twilio from $83.00 to $56.00 in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.88.
About Twilio
Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.
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