Insider Selling: Twilio Inc. (NYSE:TWLO) CFO Sells 1,924 Shares of Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 1,924 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $112.75, for a total transaction of $216,931.00. Following the transaction, the chief financial officer now directly owns 165,982 shares in the company, valued at approximately $18,714,470.50. The trade was a 1.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, April 3rd, Aidan Viggiano sold 8,735 shares of Twilio stock. The stock was sold at an average price of $91.61, for a total transaction of $800,213.35.
• On Monday, March 31st, Aidan Viggiano sold 7,524 shares of Twilio stock. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12.
• On Friday, February 21st, Aidan Viggiano sold 2,500 shares of Twilio stock. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00.
• On Tuesday, February 18th, Aidan Viggiano sold 1,391 shares of Twilio stock. The stock was sold at an average price of $124.51, for a total value of $173,193.41.

Twilio Price Performance

NYSE TWLO traded down $0.27 on Monday, reaching $116.07. The company’s stock had a trading volume of 2,557,215 shares, compared to its average volume of 2,673,102. The firm has a market cap of $17.72 billion, a PE ratio of -181.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The business has a 50-day moving average price of $96.78 and a 200 day moving average price of $107.96.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.80 EPS. Twilio’s revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Hedge Funds Weigh In On Twilio

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayforest Capital Ltd increased its holdings in shares of Twilio by 160.0% during the first quarter. Bayforest Capital Ltd now owns 4,175 shares of the technology company’s stock worth $409,000 after buying an additional 2,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Twilio by 19.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,920,443 shares of the technology company’s stock valued at $188,031,000 after purchasing an additional 318,015 shares in the last quarter. Empowered Funds LLC raised its position in Twilio by 2,302.4% in the 1st quarter. Empowered Funds LLC now owns 65,416 shares of the technology company’s stock valued at $6,405,000 after purchasing an additional 62,693 shares during the last quarter. Ascent Group LLC acquired a new position in Twilio in the first quarter worth $313,000. Finally, Caxton Associates LLP bought a new stake in shares of Twilio during the first quarter worth $2,875,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TWLO shares. Mizuho cut their price objective on Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Scotiabank lifted their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada restated an “underperform” rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.41.

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.