Aidan Viggiano Sells 1,961 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the completion of the transaction, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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.
• 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 transaction of $382,875.01.

Twilio Trading Up 1.1 %

Shares of TWLO opened at $61.89 on Tuesday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market cap of $10.59 billion, a PE ratio of -15.43, a PEG ratio of 4.14 and a beta of 1.35. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The stock has a 50 day simple moving average of $57.67 and a 200-day simple moving average of $59.83.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted ($0.23) earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Twilio Inc. will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Sunday, July 28th. Morgan Stanley downgraded Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Wells Fargo & Company raised their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $69.95.

Hedge Funds Weigh In On Twilio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. Cerity Partners LLC boosted its holdings in shares of Twilio by 105.0% in the 4th quarter. Cerity Partners LLC now owns 13,043 shares of the technology company’s stock worth $990,000 after acquiring an additional 6,681 shares in the last quarter. Strs Ohio acquired a new position in Twilio in the fourth quarter worth $1,035,000. Mackenzie Financial Corp grew its holdings in shares of Twilio by 20.3% during the fourth quarter. Mackenzie Financial Corp now owns 9,635 shares of the technology company’s stock worth $731,000 after purchasing an additional 1,624 shares during the last quarter. SVB Wealth LLC increased its stake in shares of Twilio by 40.7% in the fourth quarter. SVB Wealth LLC now owns 7,532 shares of the technology company’s stock valued at $571,000 after buying an additional 2,179 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Twilio by 2.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 18,813 shares of the technology company’s stock valued at $1,428,000 after buying an additional 400 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.