Twilio Inc. (NYSE:TWLO) CFO Sells $119,084.77 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 1,931 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the transaction, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The transaction 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 Thursday, August 15th, Aidan Viggiano sold 1,961 shares of Twilio stock. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09.
• On Friday, July 5th, Aidan Viggiano sold 6,586 shares of Twilio stock. The stock was sold at an average price of $56.26, for a total transaction of $370,528.36.
• On Monday, July 1st, Aidan Viggiano sold 6,797 shares of Twilio stock. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01.

Twilio Price Performance

TWLO traded down $0.36 on Thursday, hitting $58.89. 1,928,419 shares of the company’s stock were exchanged, compared to its average volume of 2,845,884. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $57.78 and a 200-day moving average price of $59.75. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of -14.78, a P/E/G ratio of 4.18 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Twilio Inc. will post 0.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TWLO shares. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Barclays cut their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Wells Fargo & Company lifted their target price on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $70.00 to $60.00 in a report on Friday, June 14th. Finally, Macquarie cut their target price on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $69.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after acquiring an additional 166 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Twilio by 14.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock valued at $102,000 after acquiring an additional 167 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after acquiring an additional 185 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Twilio by 29.0% during the 1st quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock valued at $51,000 after acquiring an additional 189 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Twilio by 3.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after acquiring an additional 201 shares during the last quarter. 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.