Twilio Inc. (NYSE:TWLO) CFO Sells $293,625.00 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at 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 stock was 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 shares were sold at an average price of $113.55, for a total transaction of $743,979.60.

Twilio Trading Down 1.7 %

Twilio stock opened at $117.18 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company’s fifty day simple moving average is $122.83 and its 200-day simple moving average is $93.94. The stock has a market cap of $17.97 billion, a P/E ratio of -183.09, a P/E/G ratio of 4.30 and a beta of 1.42.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.19 billion. As a group, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC grew its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio in the fourth quarter worth $44,000. Finally, Brooklyn Investment Group acquired a new position in Twilio during the third quarter worth $46,000. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TWLO shares. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $185.00 in a report on Monday, January 27th. Barclays raised their price objective on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Finally, UBS Group increased their price target on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.26.

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.