Aidan Viggiano Sells 2,500 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The sale 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 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.
• On Monday, January 6th, Aidan Viggiano sold 6,552 shares of Twilio stock. The stock was sold at an average price of $113.55, for a total value of $743,979.60.

Twilio Trading Up 3.5 %

Shares of NYSE TWLO opened at $119.35 on Thursday. The firm has a 50 day moving average price of $122.61 and a two-hundred day moving average price of $93.78. The stock has a market cap of $18.31 billion, a P/E ratio of -186.48, a price-to-earnings-growth ratio of 4.30 and a beta of 1.42. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

TWLO has been the subject of several recent analyst reports. Tigress Financial upped their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Northland Securities upped their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Monness Crespi & Hardt increased their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group boosted their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Hedge Funds Weigh In On Twilio

Hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management acquired a new stake in Twilio during the 4th quarter valued at approximately $344,000. KBC Group NV boosted its stake in shares of Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after purchasing an additional 9,140 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Twilio in the 4th quarter valued at $230,000. Zacks Investment Management acquired a new stake in shares of Twilio during the third quarter worth $3,386,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares during the last quarter. 84.27% of the stock is currently 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.