Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano Sells 8,735 Shares

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 8,735 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the completion of the transaction, the chief financial officer now owns 167,905 shares of the company’s stock, valued at $15,381,777.05. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, March 31st, Aidan Viggiano sold 7,524 shares of Twilio stock. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12.
• On Friday, February 21st, Aidan Viggiano sold 2,500 shares of Twilio stock. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00.
• 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 transaction of $173,193.41.

Twilio Stock Performance

Shares of TWLO stock opened at $116.19 on Friday. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of -181.54, a PEG ratio of 4.30 and a beta of 1.44. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company’s 50-day simple moving average is $96.78 and its 200-day simple moving average is $107.77. 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 issued its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. Equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently modified their holdings of TWLO. Jericho Capital Asset Management L.P. grew its position in shares of Twilio by 17.7% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,280,363 shares of the technology company’s stock valued at $321,180,000 after buying an additional 493,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in 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 purchasing an additional 2,864,235 shares during the period. Alyeska Investment Group L.P. grew its stake in Twilio by 36.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,071,826 shares of the technology company’s stock worth $202,852,000 after buying an additional 553,043 shares during the last quarter. Norges Bank acquired a new stake in Twilio in the fourth quarter worth $222,146,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Twilio by 26.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company’s stock valued at $173,190,000 after buying an additional 331,202 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of research analyst reports. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Twilio in a research report on Friday. Mizuho cut their target price on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Piper Sandler increased their price target on Twilio from $106.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Barclays upped their target price on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.41.

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.