Twilio Inc. (NYSE:TWLO) CFO Sells $971,163.85 in Stock

Twilio Inc. (NYSE:TWLO - Get Free Report) CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 30th, Aidan Viggiano sold 7,964 shares of Twilio stock. The shares were sold at an average price of $124.33, for a total transaction of $990,164.12.
• On Thursday, May 15th, Aidan Viggiano sold 1,924 shares of Twilio stock. The stock was sold at an average price of $112.75, for a total transaction of $216,931.00.

Twilio Price Performance

Shares of NYSE:TWLO traded up $0.73 on Tuesday, hitting $122.22. The company had a trading volume of 1,484,777 shares, compared to its average volume of 2,627,726. The company has a market cap of $18.66 billion, a PE ratio of -582.00, a PEG ratio of 3.74 and a beta of 1.30. The business has a 50 day moving average of $114.73 and a 200 day moving average of $111.96. Twilio Inc. has a 52-week low of $55.38 and a 52-week high of $151.95. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Institutional Trading of Twilio

Hedge funds have recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. grew its position in Twilio by 17.7% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,280,363 shares of the technology company's stock valued at $321,180,000 after acquiring an additional 493,000 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the period. Alyeska Investment Group L.P. increased its position in Twilio by 36.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,071,826 shares of the technology company's stock worth $202,852,000 after purchasing an additional 553,043 shares in the last quarter. Norges Bank purchased a new position in Twilio in the fourth quarter valued at approximately $222,146,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 worth $188,031,000 after purchasing an additional 318,015 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank Of Canada reiterated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Robert W. Baird lowered their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley dropped their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Piper Sandler raised their target price on shares of Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.39.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.