Price T Rowe Associates Inc. MD Lowers Position in Twilio Inc. (NYSE:TWLO)

Price T Rowe Associates Inc. MD trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,324 shares of the technology company’s stock after selling 20,259 shares during the period. Price T Rowe Associates Inc. MD owned 0.07% of Twilio worth $11,708,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TWLO. Ritholtz Wealth Management purchased a new position in shares of Twilio during the fourth quarter valued at about $344,000. Bleakley Financial Group LLC purchased a new position in Twilio during the 4th quarter valued at approximately $230,000. Aigen Investment Management LP increased its stake in Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after acquiring an additional 5,188 shares during the last quarter. Highland Capital Management LLC purchased a new stake in shares of Twilio during the 4th quarter worth approximately $912,000. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of Twilio in the fourth quarter valued at $860,000. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on TWLO shares. Mizuho decreased their target price on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird cut their target price on Twilio from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday. William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Finally, UBS Group cut their price target on shares of Twilio from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.13.

Twilio Stock Up 2.3 %

Twilio stock opened at $100.11 on Friday. The business has a fifty day moving average of $97.36 and a two-hundred day moving average of $104.88. 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 firm has a market cap of $15.28 billion, a P/E ratio of -156.42, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by insiders.

Twilio Company 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.