Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano Sells 6,552 Shares

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction dated Monday, January 6th. The stock was 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 in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Twilio Price Performance

Twilio stock traded up $1.05 during trading on Wednesday, reaching $110.87. The company had a trading volume of 2,740,951 shares, compared to its average volume of 1,928,617. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm’s 50-day simple moving average is $103.17 and its 200 day simple moving average is $76.36. The firm has a market capitalization of $17.01 billion, a PE ratio of -43.14, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $116.43.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV boosted its holdings in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Twilio in the third quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares in the last quarter. Affinity Investment Advisors LLC acquired a new position in Twilio in the 3rd quarter valued at $434,000. Finally, Los Angeles Capital Management LLC purchased a new position in Twilio in the 3rd quarter valued at $2,168,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TWLO. Northland Securities raised their price target on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. UBS Group lifted their price target on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. TD Cowen upped their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Tigress Financial raised their price target on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Twilio currently has an average rating of “Hold” and an average price target 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.