Twilio Inc. (NYSE:TWLO) CFO Sells $58,975.64 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 956 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the transaction, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at approximately $14,096,535.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, April 4th, Aidan Viggiano sold 3,375 shares of Twilio stock. The stock was sold at an average price of $60.79, for a total value of $205,166.25.
• On Monday, April 1st, Aidan Viggiano sold 6,633 shares of Twilio stock. The stock was sold at an average price of $62.12, for a total value of $412,041.96.
• On Wednesday, February 21st, Aidan Viggiano sold 1,200 shares of Twilio stock. The shares were sold at an average price of $55.71, for a total value of $66,852.00.

Twilio Price Performance

Shares of NYSE TWLO opened at $58.93 on Friday. The firm has a market cap of $10.09 billion, a P/E ratio of -14.70, a price-to-earnings-growth ratio of 10.15 and a beta of 1.33. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The business’s 50 day moving average is $60.77 and its 200-day moving average is $64.95.

Institutional Investors Weigh In On Twilio

Hedge funds have recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of Twilio during the 4th quarter valued at $25,000. Truvestments Capital LLC boosted its position in shares of Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after acquiring an additional 247 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Twilio by 327.9% during the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after buying an additional 400 shares in the last quarter. Westend Capital Management LLC purchased a new position in Twilio in the 1st quarter worth approximately $35,000. Finally, Blue Trust Inc. increased its stake in shares of Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after buying an additional 564 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the subject of several analyst reports. Stifel Nicolaus cut their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. HSBC downgraded Twilio from a “hold” rating to a “reduce” rating and cut their target price for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Jefferies Financial Group cut their target price on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 price objective on shares of Twilio in a research report on Monday. Finally, Canaccord Genuity Group cut their price objective on Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.95.

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.