Aidan Viggiano Sells 6,701 Shares of Twilio Inc. (NYSE:TWLO) Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $435,766.03. Following the transaction, the chief financial officer now owns 177,869 shares in the company, valued at approximately $11,566,821.07. The transaction was disclosed in a legal filing with the SEC, which is available at 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 shares were 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 stock was sold at an average price of $60.69, for a total value 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 Trading Down 0.2 %

Shares of Twilio stock opened at $66.28 on Friday. The firm has a market cap of $11.35 billion, a PE ratio of -16.53, a P/E/G ratio of 3.68 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The business’s fifty day moving average is $61.01 and its two-hundred day moving average is $59.63.

Twilio (NYSE:TWLO) last issued 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. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned ($0.23) EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TWLO shares. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $70.00 to $60.00 in a research note on Friday, June 14th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Wells Fargo & Company lifted their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Sanford C. Bernstein upped their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.52.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Twilio by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after acquiring an additional 224,040 shares during the last quarter. Kodai Capital Management LP boosted its holdings in Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after acquiring an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares during the last quarter. Finally, Dorsal Capital Management LP raised its holdings in shares of Twilio by 4.5% in the 4th quarter. Dorsal Capital Management LP now owns 1,150,000 shares of the technology company’s stock worth $87,250,000 after purchasing an additional 50,000 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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.