Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano Sells 1,924 Shares

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 1,924 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $112.75, for a total transaction of $216,931.00. Following the completion of the transaction, the chief financial officer now directly owns 165,982 shares in the company, valued at approximately $18,714,470.50. This represents a 1.15% 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 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 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 stock was sold at an average price of $124.51, for a total transaction of $173,193.41.

Twilio Trading Down 0.2%

Shares of TWLO stock opened at $116.07 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $17.72 billion, a P/E ratio of -181.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a 50 day moving average price of $97.05 and a 200 day moving average price of $108.18. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayforest Capital Ltd grew its holdings in Twilio by 160.0% during the 1st quarter. Bayforest Capital Ltd now owns 4,175 shares of the technology company’s stock worth $409,000 after acquiring an additional 2,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Twilio by 19.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,920,443 shares of the technology company’s stock worth $188,031,000 after acquiring an additional 318,015 shares in the last quarter. Empowered Funds LLC grew its holdings in Twilio by 2,302.4% during the 1st quarter. Empowered Funds LLC now owns 65,416 shares of the technology company’s stock worth $6,405,000 after acquiring an additional 62,693 shares in the last quarter. Ascent Group LLC acquired a new position in Twilio during the 1st quarter worth approximately $313,000. Finally, Caxton Associates LLP acquired a new position in Twilio during the 1st quarter worth approximately $2,875,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the topic of several research reports. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. Jefferies Financial Group reduced their target price on shares of Twilio from $145.00 to $108.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Mizuho reduced their target price on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company reduced their target price on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.41.

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.