Twilio Inc. (NYSE:TWLO) Shares Sold by Strategic Global Advisors LLC

Strategic Global Advisors LLC lowered its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 30.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,485 shares of the technology company's stock after selling 7,209 shares during the period. Strategic Global Advisors LLC's holdings in Twilio were worth $1,782,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its holdings in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its position 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 in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA increased its position in shares of Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Twilio in the fourth quarter valued at about $75,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 8,735 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the sale, the chief financial officer now owns 167,905 shares in the company, valued at $15,381,777.05. This trade represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,784 shares of company stock valued at $4,226,942. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TWLO shares. Piper Sandler lifted their price target on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and upped their target price for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. Mizuho dropped their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. JMP Securities restated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. Finally, Wall Street Zen upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $124.41.

Twilio Trading Down 1.9%

NYSE:TWLO traded down $2.25 during midday trading on Friday, hitting $113.63. 624,163 shares of the company traded hands, compared to its average volume of 3,121,406. The firm's fifty day moving average is $98.13 and its 200-day moving average is $108.48. The firm has a market capitalization of $17.34 billion, a P/E ratio of -177.45, a P/E/G ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick 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.

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 (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the company earned $0.80 EPS. The firm's quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current 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.