Insider Selling: Twilio Inc. (NYSE:TWLO) CFO Sells 6,586 Shares of Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,586 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $370,528.36. Following the completion of the transaction, the chief financial officer now directly owns 188,462 shares in the company, valued at $10,602,872.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, July 1st, Aidan Viggiano sold 6,797 shares of Twilio stock. The stock was sold at an average price of $56.33, for a total value of $382,875.01.
• On Monday, May 20th, Aidan Viggiano sold 956 shares of Twilio stock. The stock was sold at an average price of $61.69, for a total value of $58,975.64.

Twilio Stock Performance

TWLO stock opened at $57.00 on Friday. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average price is $57.82 and its 200-day moving average price is $62.57. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities research analysts forecast that Twilio Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on TWLO shares. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Robert W. Baird dropped their target price on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Sanford C. Bernstein dropped their target price on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 8th. Macquarie dropped their target price on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $71.00 target price on shares of Twilio in a research report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.38.

Institutional Trading of Twilio

Institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Twilio in the fourth quarter worth $25,000. Activest Wealth Management grew its stake in shares of Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Twilio in the first quarter worth $35,000. Blue Trust Inc. grew its stake in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after acquiring an additional 564 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Twilio in the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Company Profile

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.