Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano Sells 1,391 Shares

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $743,979.60.

Twilio Price Performance

Twilio stock traded down $3.31 during mid-day trading on Thursday, reaching $117.92. The company had a trading volume of 3,819,496 shares, compared to its average volume of 4,014,302. The company has a market cap of $18.09 billion, a P/E ratio of -184.25, a P/E/G ratio of 4.70 and a beta of 1.43. The business has a fifty day simple moving average of $122.01 and a 200 day simple moving average of $91.78. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, equities research analysts predict that Twilio Inc. will post 1.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on TWLO. Morgan Stanley increased their price objective on shares of Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Tigress Financial raised their target price on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays raised their target price on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Northland Securities raised their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, UBS Group raised their target price on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Twilio presently has an average rating of “Moderate Buy” and a consensus price target of $130.91.

Institutional Investors Weigh In On Twilio

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its position in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after acquiring an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in shares of Twilio during the 4th quarter valued at $301,258,000. Norges Bank purchased a new stake in shares of Twilio during the 4th quarter valued at $222,146,000. Two Sigma Investments LP raised its position in Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock worth $122,101,000 after purchasing an additional 1,048,619 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new position in Twilio in the 4th quarter worth $111,312,000. 84.27% of the stock is owned by institutional investors.

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.