Crossmark Global Holdings Inc. Grows Stock Position in Twilio Inc. (NYSE:TWLO)

Crossmark Global Holdings Inc. lifted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 45.6% in the first quarter, according to its most recent Form 13F 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 quarter.

A number of other large investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio during the fourth quarter worth $301,258,000. Norges Bank acquired a new position in shares of Twilio during the fourth quarter worth $222,146,000. Two Sigma Investments LP increased its position in shares of Twilio by 1,292.9% during the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after purchasing an additional 1,048,619 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in shares of Twilio during the fourth quarter worth $111,312,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Shares of TWLO stock traded down $0.22 during mid-day trading on Wednesday, hitting $121.90. 1,614,536 shares of the stock were exchanged, compared to its average volume of 2,629,040. The firm has a fifty day moving average of $115.24 and a 200 day moving average of $112.03. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $55.38 and a 52-week high of $151.95. The company has a market cap of $18.61 billion, a PE ratio of -580.48, a price-to-earnings-growth ratio of 3.78 and a beta of 1.30.

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

Insider Activity at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director directly owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,888 shares of company stock valued at $6,753,409. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company cut their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho cut their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. KeyCorp started coverage on Twilio in a research report on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.39.

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.