Twilio Inc. (NYSE:TWLO) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 45.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,098 shares of the technology company's stock after buying an additional 10,368 shares during the period. Crossmark Global Holdings Inc.'s holdings in Twilio were worth $3,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of Twilio in the first quarter worth $34,000. UMB Bank n.a. acquired a new stake in Twilio during the first quarter valued at $37,000. CX Institutional acquired a new stake in Twilio during the first quarter valued at $39,000. AdvisorNet Financial Inc grew its position in Twilio by 1,778.6% during the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after buying an additional 498 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Twilio during the first quarter valued at $54,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 13,595 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the sale, the chief executive officer directly owned 246,986 shares of the company's stock, valued at $28,912,181.16. This represents a 5.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 in the last ninety days. Company insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TWLO. UBS Group dropped their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group set a $132.00 target price on shares of Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. JMP Securities reissued a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research note on Tuesday, April 29th. KeyCorp started coverage on shares of Twilio in a research note on Friday, June 6th. They set an "overweight" rating and a $146.00 target price for the company. Finally, Scotiabank boosted their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.39.

Twilio Trading Down 3.5%

Shares of Twilio stock traded down $4.12 on Friday, reaching $113.20. The company had a trading volume of 2,763,949 shares, compared to its average volume of 2,638,429. The firm's 50 day moving average price is $116.14 and its two-hundred day moving average price is $112.15. The firm has a market cap of $17.28 billion, a PE ratio of -539.05, a PEG ratio of 3.78 and a beta of 1.30. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The business's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. Sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.