Archon Capital Management LLC trimmed its holdings in Twilio Inc. (NYSE:TWLO) by 20.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 364,208 shares of the technology company’s stock after selling 94,880 shares during the period. Twilio comprises approximately 5.8% of Archon Capital Management LLC’s holdings, making the stock its 3rd largest holding. Archon Capital Management LLC owned about 0.40% of Twilio worth $10,872,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Thompson Davis & CO. Inc. raised its position in shares of Twilio by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock valued at $138,000 after purchasing an additional 34 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Twilio by 12.1% in the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock valued at $149,000 after purchasing an additional 555 shares in the last quarter. IFP Advisors Inc raised its position in shares of Twilio by 10.0% in the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock valued at $151,000 after purchasing an additional 469 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Twilio in the 2nd quarter valued at approximately $159,000. Finally, US Bancorp DE raised its position in shares of Twilio by 199.1% in the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after purchasing an additional 3,878 shares in the last quarter. 59.51% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on TWLO shares. Drexel Hamilton reiterated a “buy” rating and issued a $47.00 price target (up from $44.00) on shares of Twilio in a report on Wednesday, August 9th. J P Morgan Chase & Co boosted their price target on Twilio from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. BidaskClub upgraded Twilio from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Robert W. Baird reiterated a “buy” rating and issued a $37.00 price target on shares of Twilio in a report on Friday, November 10th. Finally, William Blair reiterated an “outperform” rating on shares of Twilio in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $36.78.
Shares of Twilio Inc. (NYSE TWLO) traded up $0.16 on Monday, reaching $26.29. The company had a trading volume of 859,000 shares, compared to its average volume of 2,771,230. Twilio Inc. has a 52-week low of $22.80 and a 52-week high of $35.84.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.12. The firm had revenue of $100.54 million during the quarter, compared to the consensus estimate of $92.50 million. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. analysts anticipate that Twilio Inc. will post -0.75 earnings per share for the current year.
In related news, General Counsel Karyn Smith sold 5,381 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $31.48, for a total transaction of $169,393.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 13,829 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $30.85, for a total value of $426,624.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,347 shares of company stock valued at $1,416,011.
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Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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