Twilio Inc. (NYSE:TWLO – Get Free Report) CFO Aidan Viggiano sold 1,394 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $234.48, for a total value of $326,865.12. Following the completion of the sale, the chief financial officer owned 108,330 shares in the company, valued at approximately $25,401,218.40. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 Thursday, July 2nd, Aidan Viggiano sold 8,528 shares of Twilio stock. The stock was sold at an average price of $205.43, for a total value of $1,751,907.04.
- On Tuesday, June 30th, Aidan Viggiano sold 9,093 shares of Twilio stock. The shares were sold at an average price of $201.25, for a total value of $1,829,966.25.
Twilio Price Performance
Shares of NYSE TWLO opened at $225.33 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.62 and a current ratio of 4.62. Twilio Inc. has a fifty-two week low of $98.44 and a fifty-two week high of $258.35. The firm has a market capitalization of $34.60 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.70 and a beta of 1.37. The stock’s 50-day simple moving average is $207.46 and its 200-day simple moving average is $169.38.
Hedge Funds Weigh In On Twilio
Several institutional investors have recently added to or reduced their stakes in TWLO. Norges Bank acquired a new stake in Twilio during the 4th quarter worth approximately $273,862,000. State Street Corp increased its holdings in shares of Twilio by 47.8% in the third quarter. State Street Corp now owns 5,879,395 shares of the technology company’s stock valued at $588,469,000 after purchasing an additional 1,900,551 shares during the period. SRS Investment Management LLC purchased a new stake 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 worth $201,105,000 after purchasing an additional 1,391,013 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings 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 worth $264,624,000 after purchasing an additional 750,951 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.
Analyst Ratings Changes
TWLO has been the topic of several research analyst reports. Citizens Jmp lifted their price target on shares of Twilio from $250.00 to $275.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Monness Crespi & Hardt raised their price objective on Twilio from $246.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Mizuho set a $270.00 target price on Twilio in a research report on Wednesday, August 12th. Zacks Research upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Stifel Nicolaus set a $275.00 target price on Twilio in a report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $249.68.
Check Out Our Latest Research Report on TWLO
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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