Twilio Inc. (NYSE:TWLO – Get Free Report) CFO Aidan Viggiano sold 9,093 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $201.25, for a total value of $1,829,966.25. Following the completion of the sale, the chief financial officer owned 118,252 shares in the company, valued at approximately $23,798,215. The trade was a 7.14% 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 hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Aidan Viggiano also recently made the following trade(s):
- On Tuesday, May 19th, Aidan Viggiano sold 1,828 shares of Twilio stock. The shares were sold at an average price of $200.00, for a total value of $365,600.00.
- 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.
Twilio Stock Up 0.0%
TWLO stock opened at $209.31 on Friday. The stock has a fifty day moving average of $191.30 and a 200-day moving average of $149.59. Twilio Inc. has a fifty-two week low of $91.84 and a fifty-two week high of $238.48. The company has a market capitalization of $31.77 billion, a price-to-earnings ratio of 327.06, a PEG ratio of 4.16 and a beta of 1.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.66 and a current ratio of 4.66.
Analyst Upgrades and Downgrades
TWLO has been the topic of several research reports. TD Cowen reissued a “buy” rating on shares of Twilio in a research report on Monday, June 1st. Needham & Company LLC lifted their price objective on shares of Twilio from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, May 11th. The Goldman Sachs Group started coverage on shares of Twilio in a research note on Wednesday, June 24th. They issued a “buy” rating and a $300.00 price objective for the company. Tigress Financial boosted their target price on shares of Twilio from $170.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Mizuho increased their target price on Twilio from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Twilio currently has an average rating of “Moderate Buy” and an average target price of $207.41.
Get Our Latest Stock Analysis on Twilio
Institutional Investors Weigh In On Twilio
Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 623 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Twilio in the 2nd quarter worth approximately $251,000. Daiwa Securities Group Inc. lifted its stake in Twilio by 70.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,653 shares of the technology company’s stock worth $3,066,000 after purchasing an additional 10,200 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Twilio by 46.9% in the 2nd quarter. NewEdge Advisors LLC now owns 5,770 shares of the technology company’s stock valued at $718,000 after purchasing an additional 1,841 shares during the period. Finally, Sei Investments Co. boosted its holdings in Twilio by 55.1% in the 2nd quarter. Sei Investments Co. now owns 90,128 shares of the technology company’s stock valued at $11,208,000 after purchasing an additional 32,027 shares during the period. 84.27% of the stock is currently owned by institutional investors.
Twilio Company Profile
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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