Insider Selling: Twilio Inc. (NYSE:TWLO) CFO Sells 7,524 Shares of Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This trade represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value 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 value of $173,193.41.
• On Monday, January 6th, Aidan Viggiano sold 6,552 shares of Twilio stock. The stock was sold at an average price of $113.55, for a total value of $743,979.60.

Twilio Stock Performance

NYSE TWLO opened at $100.71 on Thursday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The firm has a 50-day moving average price of $119.72 and a two-hundred day moving average price of $101.51. The company has a market capitalization of $15.37 billion, a P/E ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.50. 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 (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Mizuho boosted their price objective on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. Jefferies Financial Group lifted their price target on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after buying an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Twilio during the 4th quarter worth approximately $301,258,000. Geode Capital Management LLC boosted its position in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares in the last quarter. Norges Bank bought a new position in Twilio in the fourth quarter valued at approximately $222,146,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Twilio by 26.1% during 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 worth $173,190,000 after purchasing an additional 331,202 shares during the last quarter. Institutional investors 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.