Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano Sells 7,524 Shares

Twilio Inc. (NYSE:TWLO - Get Free Report) CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at $16,936,243.20. This trade represents a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $124.51, for a total transaction of $173,193.41.
• On Monday, January 6th, Aidan Viggiano sold 6,552 shares of Twilio stock. The shares were sold at an average price of $113.55, for a total value of $743,979.60.

Twilio Price Performance

TWLO traded down $0.11 on Monday, reaching $83.47. 2,983,807 shares of the company's stock were exchanged, compared to its average volume of 2,637,954. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a market cap of $12.74 billion, a PE ratio of -130.42, a P/E/G ratio of 4.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock's fifty day moving average price is $117.08 and its 200-day moving average price is $102.31.

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Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. Sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management acquired a new stake in Twilio during the fourth quarter worth about $344,000. Bleakley Financial Group LLC acquired a new stake in shares of Twilio during the 4th quarter worth approximately $230,000. Zacks Investment Management purchased a new stake in shares of Twilio during the 3rd quarter valued at approximately $3,386,000. Aigen Investment Management LP lifted its holdings in Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after acquiring an additional 5,188 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Twilio by 151.7% in the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock worth $2,820,000 after acquiring an additional 26,062 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Tigress Financial raised their target price on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Scotiabank boosted their target price on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price target on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus upped their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average price target of $135.35.

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.