Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano Sells 6,552 Shares

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % 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.

Twilio Stock Up 1.0 %

NYSE:TWLO traded up $1.05 during midday trading on Wednesday, reaching $110.87. The company had a trading volume of 2,740,951 shares, compared to its average volume of 1,928,617. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $116.43. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of -43.14, a PEG ratio of 3.26 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $103.17 and its 200-day simple moving average is $76.36.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TWLO. Needham & Company LLC upped their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Morgan Stanley lifted their price target on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $93.61.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Twilio during the 3rd quarter worth about $46,000. Venturi Wealth Management LLC boosted its position in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.