Twilio (NYSE:TWLO) CFO Sells 9,084 Shares of Company Stock

by · The Markets Daily

Twilio Inc. (NYSE:TWLO – Get Free Report) CFO Aidan Viggiano sold 9,084 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the sale, the chief financial officer owned 99,246 shares in the company, valued at $29,242,833.90. This represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Monday, August 17th, Aidan Viggiano sold 1,394 shares of Twilio stock. The shares were sold at an average price of $234.48, for a total transaction of $326,865.12.

Twilio Trading Down 2.0%

NYSE TWLO traded down $6.04 on Friday, hitting $295.23. 3,672,114 shares of the stock were exchanged, compared to its average volume of 2,475,288. Twilio Inc. has a 52-week low of $99.22 and a 52-week high of $305.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.62 and a quick ratio of 4.62. The company has a market capitalization of $45.34 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 6.00 and a beta of 1.35. The company’s 50-day moving average price is $235.91 and its two-hundred day moving average price is $196.83.

Twilio (NYSE:TWLO – Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. Twilio had a return on equity of 5.09% and a net margin of 20.61%.The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. Research analysts predict that Twilio Inc. will post 3.12 EPS for the current year.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new stake in shares of Twilio during the 2nd quarter worth about $1,637,000. Assenagon Asset Management S.A. lifted its holdings in Twilio by 67.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 120,582 shares of the technology company’s stock worth $24,880,000 after purchasing an additional 48,742 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Twilio during the first quarter worth approximately $4,288,000. Chase Investment Counsel Corp bought a new stake in Twilio during the first quarter worth approximately $8,451,000. Finally, Pictet Asset Management Holding SA grew its holdings in Twilio by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,331,471 shares of the technology company’s stock valued at $293,237,000 after purchasing an additional 349,131 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio News Summary

Here are the key news stories impacting Twilio this week:

  • Positive Sentiment: S&P 500 inclusion is the main catalyst. Twilio will replace Warner Bros. Discovery in the S&P 500 effective October 6. Index funds that track the benchmark are expected to purchase shares, potentially increasing demand and liquidity. Twilio And Vylor Stocks Added To The S&P 500
  • Positive Sentiment: Investors are also focusing on AI-related growth prospects. Coverage surrounding the index addition highlights analysts’ expectations that Twilio’s communications platform and artificial-intelligence initiatives could support further growth. The stock has risen substantially from its 52-week low ahead of the index change. S&P 500 Addition Fuels Twilio Rally
  • Neutral Sentiment: CEO Khozema Shipchandler sold $4.1 million of shares, while CFO Aidan Viggiano sold $2.7 million. Both transactions reduced their holdings, but the filings state the sales were made to cover tax-withholding obligations tied to vested equity awards. That makes them less concerning than discretionary insider selling, although the transactions may attract investor attention. Twilio CEO Form 4 Filing

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Zacks Research downgraded Twilio from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. KeyCorp raised their price target on shares of Twilio from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating and issued a $261.00 price objective on shares of Twilio in a research note on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 target price on shares of Twilio in a research report on Friday, August 7th. Finally, Piper Sandler boosted their price target on shares of Twilio from $192.00 to $247.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.39.

Check Out Our Latest Stock Analysis on Twilio

Twilio Company Profile

(Get Free Report)

Twilio Inc is a communications technology company that provides a cloud-based platform for businesses to engage with customers through digital channels. Its software and application programming interfaces (APIs) support communications capabilities such as voice calling, messaging, video, email, authentication and contact-center interactions.

The company’s offerings include programmable communications services, customer data and engagement tools, and contact-center solutions. Twilio also provides email services through SendGrid and customer data platform capabilities through Segment, which it acquired in 2020.

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