Twilio Inc. (NYSE:TWLO) CFO Sells $721,401.12 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This trade represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Aidan Viggiano also recently made the following trade(s):

• On Friday, February 21st, Aidan Viggiano sold 2,500 shares of Twilio stock. The stock was sold at an average price of $117.45, for a total value of $293,625.00.
• On Tuesday, February 18th, Aidan Viggiano sold 1,391 shares of Twilio stock. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41.
• On Monday, January 6th, Aidan Viggiano sold 6,552 shares of Twilio stock. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60.

Twilio Price Performance

NYSE TWLO opened at $83.40 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of -130.32, a PEG ratio of 4.30 and a beta of 1.50. The company’s 50 day moving average is $118.19 and its two-hundred day moving average is $101.58.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TWLO shares. Tigress Financial boosted their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company boosted their price target on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $160.00 in a research report on Friday, January 24th. UBS Group boosted their target price on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Oppenheimer upped their target price on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Hedge Funds Weigh In On Twilio

Several large investors have recently made changes to their positions in TWLO. Thrivent Financial for Lutherans bought a new stake in Twilio during the 3rd quarter valued at approximately $253,000. The Manufacturers Life Insurance Company raised its position in shares of Twilio by 151.7% during the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock valued at $2,820,000 after buying an additional 26,062 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Twilio by 31.2% in the third quarter. Townsquare Capital LLC now owns 4,970 shares of the technology company’s stock worth $324,000 after buying an additional 1,183 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Twilio by 2.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,919 shares of the technology company’s stock worth $4,038,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in Twilio by 19.7% during the third quarter. Captrust Financial Advisors now owns 21,357 shares of the technology company’s stock valued at $1,393,000 after acquiring an additional 3,514 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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.