Aidan Viggiano Sells 2,500 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 transaction 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 value of $743,979.60.

Twilio Trading Down 2.2 %

Shares of Twilio stock traded down $2.58 during trading on Tuesday, hitting $115.44. The stock had a trading volume of 3,463,083 shares, compared to its average volume of 3,968,692. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm’s fifty day simple moving average is $122.21 and its 200-day simple moving average is $93.21. The stock has a market cap of $17.71 billion, a PE ratio of -180.38, a PEG ratio of 4.30 and a beta of 1.42.

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

Hedge Funds Weigh In On Twilio

A number of hedge funds and other institutional investors have recently modified their holdings of TWLO. Ritholtz Wealth Management bought a new stake in shares of Twilio in the 4th quarter valued at about $344,000. KBC Group NV increased its position in shares of Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Twilio during the 4th quarter valued at $230,000. Zacks Investment Management purchased a new stake in shares of Twilio during the 3rd quarter valued at $3,386,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TWLO shares. JMP Securities reaffirmed a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research note on Friday, February 14th. Morgan Stanley raised Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $144.00 to $160.00 in a research note on Monday. Jefferies Financial Group increased their price target on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Tigress Financial boosted their price objective on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC lifted their price target on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Company Profile

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.