7,468 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Goodman Advisory Group LLC

Goodman Advisory Group LLC acquired a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,468 shares of the technology company's stock, valued at approximately $731,000.

Several other hedge funds have also modified their holdings of TWLO. UMB Bank n.a. bought a new stake in Twilio in the first quarter worth $37,000. CX Institutional bought a new stake in shares of Twilio in the 1st quarter worth about $39,000. Parkside Financial Bank & Trust raised its position in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after acquiring an additional 360 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in Twilio by 1,778.6% in the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock worth $52,000 after acquiring an additional 498 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TWLO. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Scotiabank lifted their price target 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. HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and raised their price objective for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. UBS Group decreased their price target on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Jefferies Financial Group set a $132.00 price objective on Twilio and gave the company a "hold" rating in a research report on Sunday, June 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $126.39.

Twilio Stock Down 0.6%

Shares of TWLO traded down $0.72 during mid-day trading on Wednesday, hitting $116.51. 1,987,577 shares of the company traded hands, compared to its average volume of 2,625,730. The company has a market capitalization of $17.79 billion, a PE ratio of -554.81, a price-to-earnings-growth ratio of 3.87 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $112.58 and a 200 day moving average of $111.61. Twilio Inc. has a 1-year low of $55.38 and a 1-year high of $151.95.

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 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%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Equities research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 14,545 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the sale, the chief executive officer owned 280,589 shares in the company, valued at $25,704,758.29. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 8,735 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $800,213.35. Following the transaction, the chief financial officer directly owned 167,905 shares of the company's stock, valued at $15,381,777.05. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,304 shares of company stock worth $2,841,735 over the last three months. 4.50% of the stock is currently owned by insiders.

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.