Smith Group Asset Management LLC Sells 4,650 Shares of Twilio Inc. (NYSE:TWLO)

Smith Group Asset Management LLC cut its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 25.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 13,960 shares of the technology company's stock after selling 4,650 shares during the quarter. Smith Group Asset Management LLC's holdings in Twilio were worth $1,367,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TWLO. UMB Bank n.a. purchased a new position in Twilio in the first quarter valued at about $37,000. CX Institutional acquired a new stake in shares of Twilio in the first quarter valued at about $39,000. Parkside Financial Bank & Trust increased its position in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares during the period. Private Trust Co. NA increased its position in Twilio by 395.6% during 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 during the period. Finally, AdvisorNet Financial Inc raised its position in shares of Twilio by 1,778.6% during the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after buying an additional 498 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction on 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. The trade was a 7.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director owned 33,488 shares of the company's stock, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,276 shares of company stock valued at $6,323,495 over the last ninety days. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TWLO. Royal Bank Of Canada restated an "underperform" rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. Scotiabank raised their price target on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Robert W. Baird lowered their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group cut their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.39.

Twilio Price Performance

TWLO traded down $0.72 during trading on Wednesday, hitting $116.51. 1,991,438 shares of the stock traded hands, compared to its average volume of 2,630,554. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. Twilio Inc. has a twelve month low of $55.38 and a twelve month high of $151.95. The company has a market cap of $17.79 billion, a price-to-earnings ratio of -554.81, a PEG ratio of 3.65 and a beta of 1.30. The business has a 50 day moving average price of $112.58 and a 200 day moving average price of $111.61.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $0.80 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.