Twilio Inc. (NYSE:TWLO) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 34.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,517 shares of the technology company's stock after selling 125,713 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.16% of Twilio worth $24,004,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TWLO. M&T Bank Corp raised its position in shares of Twilio by 1.0% in the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after purchasing an additional 85 shares during the period. Freestone Capital Holdings LLC boosted its stake in shares of Twilio by 3.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after purchasing an additional 124 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Twilio by 3.4% in the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after acquiring an additional 135 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Twilio by 6.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock worth $239,000 after acquiring an additional 140 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 7,964 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $124.33, for a total transaction of $990,164.12. Following the completion of the sale, the chief financial officer owned 156,120 shares of the company's stock, valued at $19,410,399.60. This trade represents a 4.85% 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, CEO Khozema Shipchandler sold 20,008 shares of the business'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 sale, the chief executive officer owned 260,581 shares in the company, valued at approximately $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,996 shares of company stock valued at $4,190,814. 0.21% of the stock is owned by company insiders.

Twilio Stock Up 3.7%

Shares of TWLO stock traded up $4.26 during trading hours on Thursday, reaching $120.77. 736,541 shares of the company's stock were exchanged, compared to its average volume of 2,623,293. Twilio Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95. The stock's 50 day moving average is $113.17 and its 200-day moving average is $111.65. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The company has a market cap of $18.44 billion, a price-to-earnings ratio of -574.34, a P/E/G ratio of 3.65 and a beta of 1.30.

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, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the company posted $0.80 earnings per share. The business's quarterly revenue was up 12.0% on a year-over-year basis. Analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

TWLO has been the subject of a number of analyst reports. UBS Group dropped their target price on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Scotiabank lifted their price target on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and set a $165.00 target price on shares of Twilio in a report on Tuesday, April 29th. Finally, KeyCorp started coverage on Twilio in a research note on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.39.

About Twilio

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.