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

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares of the company’s stock, valued at $16,936,243.20. This represents a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

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

Twilio Stock Performance

Shares of TWLO stock opened at $83.40 on Friday. The firm has a market capitalization 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 stock has a fifty day moving average of $118.19 and a 200 day moving average of $101.58. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

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

Institutional Trading of Twilio

Several large investors have recently bought and sold shares of TWLO. JFS Wealth Advisors LLC lifted its stake in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust lifted its position in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 166 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of Twilio during the 4th quarter valued at $44,000. True Wealth Design LLC grew its position in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of research analyst reports. Monness Crespi & Hardt increased their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler restated an “overweight” rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Tigress Financial upped their price objective on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. UBS Group raised their price objective on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.35.

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.