Insider Selling: Twilio Inc. (NYSE:TWLO) CFO Sells $743,979.60 in Stock

Twilio Inc. (NYSE:TWLO) CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Twilio Trading Down 2.7 %

Shares of TWLO stock opened at $108.05 on Friday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $116.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $105.04 and its two-hundred day moving average is $77.21. The company has a market cap of $16.57 billion, a PE ratio of -42.04, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38.

Hedge Funds Weigh In On Twilio

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Robert W. Baird upped their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays upped their target price on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company upped their target price on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Finally, Tigress Financial upped their target price on 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 assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.