Twilio Inc. (NYSE:TWLO) Stock Position Lessened by Tobam

Tobam lowered its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 38.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,721 shares of the technology company's stock after selling 7,224 shares during the quarter. Tobam's holdings in Twilio were worth $1,148,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Polianta Ltd purchased a new stake in shares of Twilio during the 1st quarter worth about $1,057,000. Noble Wealth Management PBC purchased a new stake in shares of Twilio during the 1st quarter worth about $157,000. CX Institutional purchased a new stake in shares of Twilio during the 1st quarter worth about $39,000. Assenagon Asset Management S.A. grew its holdings in shares of Twilio by 1,418.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 201,477 shares of the technology company's stock worth $19,727,000 after purchasing an additional 188,211 shares during the period. Finally, MV Capital Management Inc. boosted its holdings in Twilio by 235.0% in the 1st quarter. MV Capital Management Inc. now owns 727 shares of the technology company's stock worth $71,000 after acquiring an additional 510 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 8,735 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $800,213.35. Following the completion of the sale, the chief financial officer now directly owns 167,905 shares in the company, 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. In the last ninety days, insiders have sold 48,884 shares of company stock valued at $4,719,065. Corporate insiders own 0.21% of the company's stock.

Twilio Stock Performance

Shares of TWLO stock traded up $3.27 on Monday, hitting $116.66. 1,440,095 shares of the stock traded hands, compared to its average volume of 2,660,991. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market capitalization of $17.81 billion, a PE ratio of -182.28, a PEG ratio of 4.30 and a beta of 1.30. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company's fifty day moving average is $105.37 and its 200 day moving average is $110.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (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 1.38% and a negative net margin of 2.45%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. On average, equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on TWLO. Scotiabank upped their price target on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Jefferies Financial Group set a $132.00 price target on Twilio and gave the stock a "hold" rating in a report on Sunday. Finally, HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and upped their price target for the stock from $77.00 to $99.00 in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.