Bokf Na Sells 2,503 Shares of Twilio Inc. (NYSE:TWLO)

Bokf Na cut its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,960 shares of the technology company's stock after selling 2,503 shares during the period. Bokf Na's holdings in Twilio were worth $536,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TWLO. Ritholtz Wealth Management acquired a new position in Twilio during the 4th quarter worth about $344,000. Bleakley Financial Group LLC acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $230,000. Aigen Investment Management LP raised its position 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 purchasing an additional 5,188 shares during the last quarter. Highland Capital Management LLC bought a new position in Twilio in the 4th quarter valued at $912,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Twilio in the 4th quarter valued at $860,000. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares of the company's stock, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 over the last quarter. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Monness Crespi & Hardt increased their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a report on Monday, January 27th. Oppenheimer lifted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. UBS Group cut their price target on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Piper Sandler lifted their price objective on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Twilio has an average rating of "Moderate Buy" and an average price target of $124.41.

Twilio Price Performance

NYSE:TWLO opened at $105.71 on Friday. The stock's 50-day simple moving average is $95.98 and its 200 day simple moving average is $106.02. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $16.13 billion, a P/E ratio of -165.17, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The business's revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS 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.

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