Twilio Inc. (NYSE: TWLO) Chief Financial Officer Aidan Viggiano sold 1,514 shares of the company’s stock on November 17, 2023, in a transaction totaling $186,645.92. The shares were sold at an average price of $123.28, resulting in a 1.17% decrease in Viggiano’s overall holdings. Following this sale, he retains 128,104 shares valued at approximately $15,792,661.12.
The transaction was reported to the Securities & Exchange Commission (SEC) and is publicly accessible through official filings. In the wake of Viggiano’s sale, Twilio’s stock experienced a slight decline, trading at $120.23 during market hours on the following Wednesday, November 22, with a trading volume of 1,718,594 shares against an average volume of 3,049,107.
Market Performance and Institutional Investment
Twilio’s stock has shown significant volatility over the past year, with a low of $77.51 and a high of $151.95. The company currently holds a market capitalization of $18.45 billion and has financial ratios that include a debt-to-equity ratio of 0.13, a quick ratio of 4.68, and a current ratio of 4.68. The price-to-earnings (P/E) ratio stands at 293.24, while the price-to-earnings-growth (PEG) ratio is noted at 3.22, with a beta of 1.33. The stock’s fifty-day moving average is $112.61 and the 200-day moving average is $114.50.
Recent trading activity has attracted institutional investors, with several new stakes acquired in Twilio. For example, GFG Capital LLC and CENTRAL TRUST Co each invested approximately $25,000 during the second quarter, while Hilltop National Bank added around $26,000 in the same period. SJS Investment Consulting Inc. significantly increased its position by 1,564.7% during the third quarter, resulting in ownership of 283 shares valued at $28,000. Overall, institutional investors now control 84.27% of Twilio’s stock.
Analyst Ratings and Future Outlook
Wall Street analysts have recently provided mixed views on Twilio’s future. Morgan Stanley reaffirmed an “overweight” rating with a price target of $154.00, while Oppenheimer set a target price of $145.00 with an “outperform” rating. FBN Securities upgraded the stock to a “strong-buy” designation, and Mizuho raised its price objective from $140.00 to $150.00. Piper Sandler also increased its target from $144.00 to $145.00.
Overall, the consensus among analysts indicates a “Moderate Buy” rating, with an average target price of $139.26, according to MarketBeat.com. Of the analysts, two have rated the stock as a “Strong Buy,” seventeen as a “Buy,” seven as a “Hold,” and two as a “Sell.”
Twilio Inc., along with its subsidiaries, specializes in providing customer engagement platform solutions, operating through its segments, Twilio Communications and Twilio Segment. The firm offers a range of application programming interfaces (APIs) and software solutions that facilitate communications between customers and end users across various channels, including messaging, voice, and email.
