Retireful LLC Sells 2,400 Shares of Twilio Inc. (NYSE:TWLO)

Retireful LLC cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,249 shares of the technology company's stock after selling 2,400 shares during the period. Retireful LLC's holdings in Twilio were worth $1,113,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TWLO. Arrowstreet Capital Limited Partnership grew its holdings in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in Twilio during the fourth quarter valued at $301,258,000. Norges Bank bought a new position in Twilio during the fourth quarter valued at $222,146,000. Two Sigma Investments LP grew its holdings in 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 valued at $122,101,000 after purchasing an additional 1,048,619 shares during the period. Finally, Whale Rock Capital Management LLC bought a new position in Twilio during the fourth quarter valued at $111,312,000. 84.27% of the stock is owned by institutional investors.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the transaction, the chief financial officer now owns 165,982 shares of the company's stock, valued at $18,714,470.50. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the transaction, the director now directly owns 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,884 shares of company stock valued at $4,719,065 over the last 90 days. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on TWLO. Mizuho reduced their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. JMP Securities reissued a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. Robert W. Baird reduced their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley reduced their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and an average target price of $124.41.

Twilio Price Performance

Shares of TWLO stock traded up $1.03 on Thursday, reaching $120.90. The company's stock had a trading volume of 2,099,809 shares, compared to its average volume of 2,682,659. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a market capitalization of $18.45 billion, a P/E ratio of -188.90, a PEG ratio of 4.30 and a beta of 1.44. The stock's 50 day simple moving average is $100.72 and its 200-day simple moving average is $109.91.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.80 earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.