Twilio Inc. (NYSE:TWLO – Get Free Report) CFO Aidan Viggiano sold 1,828 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $200.00, for a total value of $365,600.00. Following the transaction, the chief financial officer directly owned 127,345 shares of the company’s stock, valued at approximately $25,469,000. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Aidan Viggiano also recently made the following trade(s):
- On Friday, May 15th, Aidan Viggiano sold 1,376 shares of Twilio stock. The stock was sold at an average price of $197.44, for a total value of $271,677.44.
- On Thursday, April 2nd, Aidan Viggiano sold 9,389 shares of Twilio stock. The stock was sold at an average price of $127.51, for a total value of $1,197,191.39.
- On Tuesday, March 31st, Aidan Viggiano sold 8,231 shares of Twilio stock. The stock was sold at an average price of $122.79, for a total value of $1,010,684.49.
- On Monday, March 2nd, Aidan Viggiano sold 806 shares of Twilio stock. The stock was sold at an average price of $125.00, for a total value of $100,750.00.
Twilio Price Performance
Shares of TWLO stock traded down $6.19 during trading hours on Thursday, hitting $183.14. 2,787,493 shares of the company’s stock were exchanged, compared to its average volume of 2,566,154. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.13. The firm has a market cap of $27.80 billion, a P/E ratio of 286.16, a P/E/G ratio of 4.07 and a beta of 1.32. The firm has a 50 day moving average of $146.73 and a two-hundred day moving average of $133.78. Twilio Inc. has a fifty-two week low of $91.84 and a fifty-two week high of $203.71.
Analyst Upgrades and Downgrades
Several brokerages recently commented on TWLO. Robert W. Baird set a $200.00 price target on Twilio in a research report on Friday, May 1st. Monness Crespi & Hardt boosted their price target on Twilio from $200.00 to $246.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $175.00 price target on Twilio in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a $195.00 price target on shares of Twilio in a research report on Friday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $200.00 price target on shares of Twilio in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.40.
Read Our Latest Analysis on Twilio
Institutional Trading of Twilio
Several large investors have recently added to or reduced their stakes in TWLO. Norges Bank purchased a new stake in Twilio in the 4th quarter valued at $273,862,000. State Street Corp grew its holdings in Twilio by 47.8% in the 3rd quarter. State Street Corp now owns 5,879,395 shares of the technology company’s stock valued at $588,469,000 after buying an additional 1,900,551 shares in the last quarter. SRS Investment Management LLC purchased a new stake in Twilio in the 4th quarter valued at $257,494,000. Invesco Ltd. grew its holdings in Twilio by 225.0% in the 3rd quarter. Invesco Ltd. now owns 2,009,237 shares of the technology company’s stock valued at $201,105,000 after buying an additional 1,391,013 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Twilio by 39.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,643,859 shares of the technology company’s stock valued at $264,624,000 after buying an additional 750,951 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.
About Twilio
Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.
The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real?time video applications, and Twilio Authy for multi?factor authentication.
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