Twilio Inc. (NYSE:TWLO) CFO Sells $743,979.60 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Twilio Price Performance

TWLO stock opened at $110.87 on Thursday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $103.97 and its 200 day simple moving average is $76.60. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $116.43. The firm has a market cap of $17.01 billion, a price-to-earnings ratio of -43.14, a PEG ratio of 3.26 and a beta of 1.38.

Institutional Investors Weigh In On Twilio

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after acquiring an additional 77,436 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the period. Geode Capital Management LLC grew its position in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after acquiring an additional 33,824 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after purchasing an additional 224,040 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TWLO shares. Oppenheimer upped their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Stifel Nicolaus boosted their price objective on shares of Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. Barclays boosted their target price on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.61.

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.