Twilio Inc. (NYSE:TWLO – Get Free Report) CFO Aidan Viggiano sold 8,528 shares of Twilio stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $205.43, for a total value of $1,751,907.04. Following the transaction, the chief financial officer owned 109,724 shares in the company, valued at $22,540,601.32. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 Tuesday, June 30th, Aidan Viggiano sold 9,093 shares of Twilio stock. The stock was sold at an average price of $201.25, for a total value of $1,829,966.25.
- On Tuesday, May 19th, Aidan Viggiano sold 1,828 shares of Twilio stock. The stock was 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 shares were sold at an average price of $197.44, for a total value of $271,677.44.
Twilio Stock Performance
Shares of NYSE:TWLO traded up $2.78 during mid-day trading on Tuesday, reaching $211.86. 2,135,863 shares of the company traded hands, compared to its average volume of 2,552,510. The company’s 50 day moving average price is $192.49 and its 200-day moving average price is $150.12. The firm has a market cap of $32.15 billion, a PE ratio of 331.04, a PEG ratio of 4.16 and a beta of 1.36. Twilio Inc. has a 52 week low of $91.84 and a 52 week high of $238.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.66 and a quick ratio of 4.66.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Citizens Jmp increased their price target on Twilio from $185.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Bank of America raised Twilio from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $190.00 in a research note on Wednesday, April 22nd. UBS Group increased their target price on Twilio from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Tigress Financial lifted their target price on Twilio from $170.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings raised Twilio from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.41.
Check Out Our Latest Stock Report on Twilio
Institutional Trading of Twilio
A number of large investors have recently added to or reduced their stakes in TWLO. Norges Bank bought a new stake in Twilio during the 4th quarter valued at about $273,862,000. State Street Corp increased its position 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 acquiring an additional 1,900,551 shares during the period. SRS Investment Management LLC purchased a new position in shares of Twilio during the fourth quarter worth approximately $257,494,000. Invesco Ltd. raised its stake in shares of Twilio by 225.0% during the third quarter. Invesco Ltd. now owns 2,009,237 shares of the technology company’s stock valued at $201,105,000 after acquiring an additional 1,391,013 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of Twilio by 39.7% during the third quarter. Alyeska Investment Group L.P. now owns 2,643,859 shares of the technology company’s stock valued at $264,624,000 after acquiring an additional 750,951 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.
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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