Janney Montgomery Scott LLC Cuts Stock Position in Twilio Inc. (NYSE:TWLO)

Janney Montgomery Scott LLC lowered its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 55.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,978 shares of the technology company's stock after selling 18,396 shares during the quarter. Janney Montgomery Scott LLC's holdings in Twilio were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in TWLO. Parkside Financial Bank & Trust boosted its holdings in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 166 shares in the last quarter. UMB Bank n.a. acquired a new stake in Twilio in the first quarter worth about $37,000. CX Institutional acquired a new stake in Twilio in the first quarter worth about $39,000. Private Trust Co. NA boosted its holdings in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after acquiring an additional 360 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of 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 purchasing an additional 498 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Shares of NYSE:TWLO traded up $1.49 during trading on Friday, reaching $122.92. The stock had a trading volume of 2,899,409 shares, compared to its average volume of 2,625,286. The business has a fifty day moving average price of $111.05 and a 200-day moving average price of $111.51. The stock has a market cap of $18.77 billion, a PE ratio of -585.31, a PEG ratio of 3.82 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 Inc. has a 1-year low of $55.38 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The company 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 firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TWLO has been the subject of several research analyst reports. Piper Sandler raised their price objective on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Mizuho reduced their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Scotiabank raised their price objective on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Royal Bank Of Canada restated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. Finally, HSBC upgraded 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Twilio has an average rating of "Moderate Buy" and a consensus price target of $126.39.

Insiders Place Their Bets

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director now owns 33,488 shares in the company, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,884 shares of company stock valued at $4,719,065. Insiders own 0.21% of the company's stock.

Twilio 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.