Twilio Inc. (NYSE:TWLO) Holdings Reduced by Signaturefd LLC

Signaturefd LLC lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,570 shares of the technology company’s stock after selling 501 shares during the period. Signaturefd LLC’s holdings in Twilio were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Synovus Financial Corp raised its stake in Twilio by 6.9% during the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after acquiring an additional 306 shares in the last quarter. Pearl River Capital LLC lifted its holdings in Twilio by 363.2% in the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after purchasing an additional 24,026 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Twilio by 10.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after purchasing an additional 113,042 shares during the period. Hodges Capital Management Inc. bought a new position in Twilio in the 3rd quarter valued at about $4,738,000. Finally, New York Life Investment Management LLC increased its stake in Twilio by 70.9% during the 3rd quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock valued at $1,295,000 after buying an additional 9,180 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,958 shares of company stock valued at $1,910,447. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. Jefferies Financial Group cut their price objective on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Piper Sandler raised Twilio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Northland Securities downgraded shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a report on Thursday, February 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.90.

Twilio Trading Up 1.4 %

Shares of Twilio stock opened at $60.88 on Friday. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $60.11 and a 200-day simple moving average of $64.01.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. Equities analysts predict that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Twilio Profile

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.