Twilio Inc. (NYSE:TWLO) CFO Sells $216,931.00 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 1,924 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total transaction of $216,931.00. Following the transaction, the chief financial officer now owns 165,982 shares in the company, valued at $18,714,470.50. The trade was a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, April 3rd, Aidan Viggiano sold 8,735 shares of Twilio stock. The stock was sold at an average price of $91.61, for a total transaction of $800,213.35.
• On Monday, March 31st, Aidan Viggiano sold 7,524 shares of Twilio stock. The shares were sold at an average price of $95.88, for a total value of $721,401.12.
• 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 value of $173,193.41.

Twilio Stock Down 0.2%

TWLO stock traded down $0.27 during trading hours on Monday, reaching $116.07. 2,557,215 shares of the stock were exchanged, compared to its average volume of 2,673,102. The firm’s 50-day moving average is $96.78 and its 200-day moving average is $107.96. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a market cap of $17.72 billion, a price-to-earnings ratio of -181.36, a PEG ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Twilio’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. On average, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

TWLO has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Twilio in a research note on Friday. UBS Group dropped their target price on shares of Twilio from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price target on Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.41.

Institutional Trading of Twilio

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management acquired a new position in shares of Twilio during the 4th quarter worth about $344,000. Bleakley Financial Group LLC bought a new stake in Twilio during the fourth quarter worth about $230,000. Aigen Investment Management LP grew its stake in Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after purchasing an additional 5,188 shares in the last quarter. Highland Capital Management LLC acquired a new position in shares of Twilio during the 4th quarter worth approximately $912,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Twilio during the 4th quarter worth approximately $860,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.