Insider Selling: Twilio Inc. (NYSE:TWLO) CFO Sells 6,701 Shares of Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,701 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, August 20th, Aidan Viggiano sold 1,931 shares of Twilio stock. The stock was sold at an average price of $61.67, for a total value of $119,084.77.
• On Thursday, August 15th, Aidan Viggiano sold 1,961 shares of Twilio stock. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09.
• On Friday, July 5th, Aidan Viggiano sold 6,586 shares of Twilio stock. The stock was sold at an average price of $56.26, for a total transaction of $370,528.36.

Twilio Price Performance

TWLO traded up $2.64 during trading on Wednesday, reaching $66.37. 2,510,512 shares of the company were exchanged, compared to its average volume of 2,701,312. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The company’s 50-day moving average is $60.63 and its two-hundred day moving average is $59.54. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The company has a market cap of $11.36 billion, a price-to-earnings ratio of -16.24, a P/E/G ratio of 3.68 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.23) earnings per share. Research analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several analyst reports. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Tigress Financial raised their price objective on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company upped their target price on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $70.00 to $60.00 in a research report on Friday, June 14th. Finally, Sanford C. Bernstein upped their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Twilio presently has an average rating of “Hold” and a consensus price target of $70.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in Twilio in the 4th quarter worth about $478,000. V Square Quantitative Management LLC raised its holdings in shares of Twilio by 68.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after acquiring an additional 792 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of Twilio by 78.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after acquiring an additional 31,227 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Twilio during the fourth quarter worth about $1,689,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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.