Twilio Inc. (NYSE:TWLO – Get Free Report) CFO Aidan Viggiano sold 1,514 shares of Twilio stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $123.28, for a total transaction of $186,645.92. Following the completion of the sale, the chief financial officer owned 128,104 shares of the company’s stock, valued at $15,792,661.12. This trade represents a 1.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Aidan Viggiano also recently made the following trade(s):
- On Thursday, October 9th, Aidan Viggiano sold 8,035 shares of Twilio stock. The stock was sold at an average price of $115.00, for a total transaction of $924,025.00.
- On Tuesday, September 30th, Aidan Viggiano sold 8,363 shares of Twilio stock. The stock was sold at an average price of $100.59, for a total transaction of $841,234.17.
Twilio Stock Down 1.0%
NYSE TWLO opened at $118.91 on Friday. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 290.02, a PEG ratio of 3.22 and a beta of 1.33. Twilio Inc. has a 1-year low of $77.51 and a 1-year high of $151.95. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $113.25 and a 200-day moving average of $114.57.
Hedge Funds Weigh In On Twilio
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Twilio by 47.8% during the third quarter. State Street Corp now owns 5,879,395 shares of the technology company’s stock worth $588,469,000 after buying an additional 1,900,551 shares during the last quarter. Norges Bank bought a new stake in Twilio during the 2nd quarter worth $228,877,000. Ninety One UK Ltd acquired a new position in Twilio in the 2nd quarter worth about $212,059,000. Invesco Ltd. raised its position in Twilio by 225.0% in the third quarter. Invesco Ltd. now owns 2,009,237 shares of the technology company’s stock valued at $201,105,000 after purchasing an additional 1,391,013 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Twilio by 4,231.2% during the second quarter. Nordea Investment Management AB now owns 1,123,638 shares of the technology company’s stock valued at $139,736,000 after purchasing an additional 1,097,695 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on TWLO shares. TD Cowen upped their price objective on shares of Twilio from $117.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, October 31st. Wells Fargo & Company boosted their target price on shares of Twilio from $130.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Bank of America upped their price target on shares of Twilio from $100.00 to $110.00 and gave the stock an “underperform” rating in a report on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and issued a $154.00 price objective on shares of Twilio in a research note on Friday, October 31st. Finally, UBS Group boosted their price objective on shares of Twilio from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $139.26.
Check Out Our Latest Stock Report on Twilio
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.
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