Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano Sells 3,375 Shares

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 3,375 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the transaction, the chief financial officer now owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, April 1st, Aidan Viggiano sold 6,633 shares of Twilio stock. The stock was sold at an average price of $62.12, for a total transaction of $412,041.96.
• On Wednesday, February 21st, Aidan Viggiano sold 1,200 shares of Twilio stock. The shares were sold at an average price of $55.71, for a total transaction of $66,852.00.
• On Thursday, February 15th, Aidan Viggiano sold 1,694 shares of Twilio stock. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94.

Twilio Stock Performance

Shares of TWLO stock opened at $61.26 on Tuesday. The firm has a 50-day moving average of $62.66 and a 200-day moving average of $63.86. The company has a market cap of $11.09 billion, a P/E ratio of -11.06 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. Twilio Inc. has a one year low of $45.02 and a one year high of $78.16.

Twilio (NYSE:TWLO) last announced its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Equities research analysts forecast that Twilio Inc. will post -0.24 EPS for the current fiscal year.

Institutional Trading of Twilio

Large investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp increased its holdings in Twilio by 6.9% during the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock worth $279,000 after buying an additional 306 shares during the last quarter. Barclays PLC increased its holdings in Twilio by 139.5% during the second quarter. Barclays PLC now owns 245,570 shares of the technology company’s stock worth $15,624,000 after buying an additional 143,020 shares during the last quarter. Pearl River Capital LLC increased its holdings in Twilio by 363.2% during the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after buying an additional 24,026 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Twilio by 10.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after buying an additional 113,042 shares during the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in Twilio during the third quarter worth about $4,738,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TWLO. Needham & Company LLC upped their price objective on shares of Twilio from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Stifel Nicolaus reduced their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Northland Securities lowered shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research note on Thursday, February 15th. Robert W. Baird increased their target price on shares of Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, HSBC lowered shares of Twilio from a “hold” rating to a “reduce” rating and cut their target price for the stock from $62.00 to $61.00 in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.90.

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.