Insider Selling: Twilio Inc. (NYSE:TWLO) CFO Sells $370,528.36 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,586 shares of Twilio stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $370,528.36. Following the transaction, the chief financial officer now directly owns 188,462 shares in the company, valued at approximately $10,602,872.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aidan Viggiano also recently made the following trade(s):

• On Monday, July 1st, Aidan Viggiano sold 6,797 shares of Twilio stock. The stock was sold at an average price of $56.33, for a total value of $382,875.01.
• On Monday, May 20th, Aidan Viggiano sold 956 shares of Twilio stock. The stock was sold at an average price of $61.69, for a total value of $58,975.64.

Twilio Stock Up 1.7 %

Twilio stock opened at $57.00 on Friday. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16. The business has a 50-day simple moving average of $57.82 and a 200 day simple moving average of $62.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55.

Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, sell-side analysts predict that Twilio Inc. will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Twilio

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Twilio by 35.9% in the 4th quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock worth $217,000 after purchasing an additional 754 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Twilio in the 4th quarter worth about $478,000. V Square Quantitative Management LLC boosted its holdings in shares of Twilio by 68.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock worth $148,000 after purchasing an additional 792 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Twilio in the 4th quarter worth about $1,689,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Twilio by 18.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock worth $105,131,000 after purchasing an additional 217,796 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TWLO. Robert W. Baird dropped their price target on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Sanford C. Bernstein dropped their price target on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Oppenheimer restated an “outperform” rating and issued a $75.00 target price on shares of Twilio in a research note on Wednesday, April 17th. Finally, Macquarie lowered their target price on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $69.38.

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.