Verdence Capital Advisors LLC Raises Stock Position in Twilio Inc. (NYSE:TWLO)

Verdence Capital Advisors LLC grew its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 62.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,548 shares of the technology company's stock after purchasing an additional 2,909 shares during the quarter. Verdence Capital Advisors LLC's holdings in Twilio were worth $739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after buying an additional 623 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Twilio in the fourth quarter valued at $97,000. Sequoia Financial Advisors LLC bought a new position in shares of Twilio in the fourth quarter valued at $204,000. Farther Finance Advisors LLC raised its stake in Twilio by 61.7% during the 4th quarter. Farther Finance Advisors LLC now owns 883 shares of the technology company's stock valued at $95,000 after purchasing an additional 337 shares during the period. Finally, Harbour Investments Inc. raised its stake in Twilio by 3.4% during the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after purchasing an additional 135 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director owned 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following 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 disclosure for this sale can be found here. Insiders have sold 55,888 shares of company stock worth $6,753,409 in the last quarter. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TWLO shares. HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and boosted their price target for the company from $77.00 to $99.00 in a report on Monday, May 5th. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. UBS Group decreased their price objective 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. Mizuho decreased their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Morgan Stanley decreased their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

Twilio Stock Performance

NYSE:TWLO traded up $4.72 on Friday, reaching $131.13. 3,348,985 shares of the company's stock were exchanged, compared to its average volume of 2,684,084. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of -624.43, a P/E/G ratio of 4.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The stock has a fifty day simple moving average of $118.52 and a 200-day simple moving average of $112.72. Twilio Inc. has a 52 week low of $56.16 and a 52 week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. Twilio's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. As a group, sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

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.