Twilio Inc. (NYSE:TWLO) CFO Sells $800,213.35 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 8,735 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $800,213.35. Following the transaction, the chief financial officer now directly owns 167,905 shares of the company’s stock, valued at $15,381,777.05. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, March 31st, Aidan Viggiano sold 7,524 shares of Twilio stock. The stock was sold at an average price of $95.88, for a total transaction 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 transaction 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.

Twilio Trading Up 1.7%

Shares of TWLO opened at $116.19 on Monday. 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. The firm’s fifty day moving average is $96.78 and its two-hundred day moving average is $107.96. The stock has a market cap of $17.73 billion, a PE ratio of -181.54, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44.

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, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and set a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. Stifel Nicolaus lifted their target price on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Tigress Financial reaffirmed a “buy” rating and set a $170.00 target price on shares of Twilio in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Twilio in a report on Friday. Finally, William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.41.

Institutional Investors Weigh In On Twilio

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. Wealth Enhancement Advisory Services LLC boosted its stake in Twilio by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,902 shares of the technology company’s stock worth $1,611,000 after purchasing an additional 290 shares during the last quarter. Accurate Wealth Management LLC acquired a new position in shares of Twilio during the 4th quarter valued at about $753,000. Oak Thistle LLC acquired a new position in shares of Twilio during the 4th quarter valued at about $233,000. Assenagon Asset Management S.A. boosted its position in shares of Twilio by 72.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 13,266 shares of the technology company’s stock valued at $1,434,000 after acquiring an additional 5,572 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Twilio during the 4th quarter valued at about $146,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.