Insider Selling: Twilio Inc. (NYSE:TWLO) CFO Sells 7,524 Shares of Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 7,524 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares of the company’s stock, valued at $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 21st, Aidan Viggiano sold 2,500 shares of Twilio stock. The shares were 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 stock was sold at an average price of $113.55, for a total transaction of $743,979.60.

Twilio Stock Up 2.6 %

TWLO traded up $2.54 on Wednesday, hitting $100.71. The company had a trading volume of 1,697,888 shares, compared to its average volume of 2,621,060. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock has a fifty day simple moving average of $119.96 and a 200-day simple moving average of $101.51. 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 firm has a market capitalization of $15.37 billion, a P/E ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Institutional Trading of Twilio

A number of hedge funds and other institutional investors have recently modified their holdings of TWLO. JFS Wealth Advisors LLC increased its stake in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Twilio during the 4th quarter valued at approximately $44,000. True Wealth Design LLC raised its stake in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Tigress Financial lifted their price target on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Monness Crespi & Hardt increased their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, Mizuho lifted their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.