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

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 956 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the completion of the transaction, the chief financial officer now directly owns 228,506 shares in the company, valued at approximately $14,096,535.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were 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 shares were sold at an average price of $62.12, for a total transaction 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 Trading Down 2.1 %

Shares of NYSE:TWLO opened at $58.93 on Friday. The company has a market cap of $10.09 billion, a P/E ratio of -14.70, a P/E/G ratio of 10.15 and a beta of 1.33. The stock’s 50-day moving average is $60.77 and its 200-day moving average is $64.95. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in TWLO. Raymond James & Associates increased its holdings in shares of Twilio by 10.0% in the third quarter. Raymond James & Associates now owns 41,632 shares of the technology company’s stock valued at $2,437,000 after purchasing an additional 3,786 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Twilio by 7.3% in the 3rd quarter. Wealthfront Advisers LLC now owns 20,288 shares of the technology company’s stock valued at $1,187,000 after buying an additional 1,372 shares during the period. Capital Investment Advisory Services LLC bought a new stake in Twilio in the 3rd quarter valued at $308,000. Principal Financial Group Inc. lifted its position in Twilio by 203.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,871 shares of the technology company’s stock valued at $12,167,000 after acquiring an additional 139,395 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Twilio by 0.9% in the 3rd quarter. California Public Employees Retirement System now owns 248,713 shares of the technology company’s stock valued at $14,557,000 after acquiring an additional 2,119 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TWLO shares. Piper Sandler increased their target price on Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Northland Securities lowered Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a report on Thursday, February 15th. Needham & Company LLC reiterated a “buy” rating and set a $71.00 price objective on shares of Twilio in a 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 report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $69.95.

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.