Twilio Inc. (NYSE:TWLO) CFO Sells $435,766.03 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares of the company’s stock, valued at $11,566,821.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 20th, Aidan Viggiano sold 1,931 shares of Twilio stock. The stock was sold at an average price of $61.67, for a total value of $119,084.77.
• On Thursday, August 15th, Aidan Viggiano sold 1,961 shares of Twilio stock. The shares were sold at an average price of $60.69, for a total value of $119,013.09.
• On Friday, July 5th, Aidan Viggiano sold 6,586 shares of Twilio stock. The shares were sold at an average price of $56.26, for a total value of $370,528.36.

Twilio Price Performance

Shares of TWLO opened at $67.48 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The firm has a 50-day simple moving average of $61.18 and a 200-day simple moving average of $59.68. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of -16.83, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.23) EPS. On average, equities research analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On Twilio

Several institutional investors have recently added to or reduced their stakes in TWLO. Advisory Services Network LLC acquired a new position in Twilio in the 4th quarter valued at about $169,000. TD Asset Management Inc increased its position in Twilio by 12.3% during the 4th quarter. TD Asset Management Inc now owns 41,623 shares of the technology company’s stock worth $3,158,000 after purchasing an additional 4,552 shares during the period. Allianz Asset Management GmbH increased its position in Twilio by 36.6% during the 4th quarter. Allianz Asset Management GmbH now owns 20,061 shares of the technology company’s stock worth $1,522,000 after purchasing an additional 5,377 shares during the period. Scotia Capital Inc. increased its position in Twilio by 37.0% during the 4th quarter. Scotia Capital Inc. now owns 5,660 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,529 shares during the period. Finally, Bank of Nova Scotia acquired a new position in Twilio during the 4th quarter worth approximately $6,250,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TWLO. Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Wells Fargo & Company lifted their price target on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays dropped their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Finally, Tigress Financial raised their price target on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Twilio presently has an average rating of “Hold” and a consensus price target of $70.52.

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.