Wedmont Private Capital Invests $255,000 in Twilio Inc. (NYSE:TWLO)

Wedmont Private Capital acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,606 shares of the technology company's stock, valued at approximately $255,000.

Several other large investors also recently bought and sold shares of TWLO. JFS Wealth Advisors LLC boosted its stake in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings 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 worth $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in Twilio in the fourth quarter valued at about $44,000. Private Trust Co. NA increased its holdings in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after buying an additional 360 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in Twilio by 1,778.6% in the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after acquiring an additional 498 shares during the period. Institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TWLO. JMP Securities reaffirmed a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Wells Fargo & Company cut their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Twilio in a research note on Friday, May 16th. UBS Group lowered 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. Finally, Wall Street Zen cut shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.35.

Twilio Stock Down 2.2%

Shares of NYSE TWLO traded down $2.50 during mid-day trading on Friday, reaching $113.31. The company had a trading volume of 1,976,321 shares, compared to its average volume of 2,665,893. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $104.66 and a two-hundred day simple moving average of $110.81. The stock has a market cap of $17.30 billion, a P/E ratio of -177.04, a PEG ratio of 4.30 and a beta of 1.30. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. Sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 8,735 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction 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 approximately $15,381,777.05. The trade was a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock valued at $4,719,065 in the last quarter. Insiders own 0.21% of the company's stock.

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.