Crossmark Global Holdings Inc. Purchases 10,368 Shares of Twilio Inc. (NYSE:TWLO)

Crossmark Global Holdings Inc. grew its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 45.6% in the first quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. M&T Bank Corp lifted its stake in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after purchasing an additional 85 shares during the period. Harbour Investments Inc. lifted its position in shares of Twilio by 3.4% during the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock worth $439,000 after buying an additional 135 shares during the period. Tower Research Capital LLC TRC boosted its stake in Twilio by 6.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after buying an additional 140 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in shares of Twilio by 2.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company's stock valued at $645,000 after purchasing an additional 171 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Twilio by 9.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity

In other news, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares in the company, valued at $17,302,682.15. This represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer owned 260,581 shares of the company's stock, valued at $32,450,151.93. The trade was a 7.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,888 shares of company stock worth $6,753,409 in the last 90 days. Corporate insiders own 0.21% of the company's stock.

Twilio Trading Down 3.5%

Shares of NYSE:TWLO traded down $4.12 during mid-day trading on Friday, reaching $113.20. The stock had a trading volume of 2,771,662 shares, compared to its average volume of 2,644,794. The firm has a 50 day simple moving average of $116.40 and a two-hundred day simple moving average of $112.16. Twilio Inc. has a twelve month low of $56.16 and a twelve month high of $151.95. The firm has a market cap of $17.28 billion, a PE ratio of -539.05, a price-to-earnings-growth ratio of 3.52 and a beta of 1.30. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12.

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

Wall Street Analyst Weigh In

TWLO has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Piper Sandler increased their price target on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company cut their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group cut their price target on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Twilio presently has an average rating of "Moderate Buy" and a consensus price target of $126.39.

About Twilio

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.