Crossmark Global Holdings Inc. raised its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 45.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 33,098 shares of the technology company's stock after purchasing 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 reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in shares of Twilio in the 1st quarter worth approximately $34,000. UMB Bank n.a. acquired a new stake in Twilio in the first quarter valued at approximately $37,000. CX Institutional acquired a new position in shares of Twilio during the first quarter valued at about $39,000. AdvisorNet Financial Inc raised its position in shares of Twilio by 1,778.6% in the 1st quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after purchasing an additional 498 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Twilio in the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 84.27% of the company's stock.
Insider Activity at Twilio
In related news, CEO Khozema Shipchandler sold 13,595 shares of Twilio stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the sale, the chief executive officer owned 246,986 shares in the company, valued at approximately $28,912,181.16. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 55,888 shares of company stock worth $6,753,409. Insiders own 0.21% of the company's stock.
Analyst Ratings Changes
TWLO has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. Scotiabank boosted their price target on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Tigress Financial reissued a "buy" rating and set a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $126.39.
Check Out Our Latest Analysis on TWLO
Twilio Trading Down 3.4%
Shares of Twilio stock traded down $4.15 during trading hours on Thursday, hitting $117.34. The company's stock had a trading volume of 2,881,003 shares, compared to its average volume of 2,637,908. Twilio Inc. has a twelve month low of $56.16 and a twelve month high of $151.95. The firm has a fifty day moving average of $115.75 and a 200-day moving average of $112.10. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of -558.76, a P/E/G ratio of 3.78 and a beta of 1.30. 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 announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. Research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.
Twilio Company Profile
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Free Report)
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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