Gotham Asset Management LLC Sells 8,029 Shares of Twilio Inc. (NYSE:TWLO)

Gotham Asset Management LLC cut its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 53,599 shares of the technology company's stock after selling 8,029 shares during the period. Gotham Asset Management LLC's holdings in Twilio were worth $5,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TWLO. Focus Partners Wealth lifted its stake in shares of Twilio by 3.5% in the fourth quarter. Focus Partners Wealth now owns 66,902 shares of the technology company's stock worth $7,236,000 after acquiring an additional 2,242 shares in the last quarter. Ethic Inc. grew its position in shares of Twilio by 54.2% during the fourth quarter. Ethic Inc. now owns 13,384 shares of the technology company's stock worth $1,447,000 after buying an additional 4,702 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Twilio by 38.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 324,710 shares of the technology company's stock valued at $35,095,000 after acquiring an additional 89,512 shares in the last quarter. FORA Capital LLC bought a new position in Twilio during the 4th quarter valued at $7,999,000. Finally, Frontier Capital Management Co. LLC grew its holdings in Twilio by 92.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 819,896 shares of the technology company's stock worth $88,614,000 after acquiring an additional 393,348 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Mizuho decreased their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Oppenheimer upped their price target on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Finally, Robert W. Baird dropped their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $124.41.

Twilio Stock Down 0.5%

TWLO stock traded down $0.55 during midday trading on Monday, reaching $115.79. The company had a trading volume of 615,123 shares, compared to its average volume of 2,665,674. The company has a market capitalization of $17.67 billion, a P/E ratio of -181.08, a PEG ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. 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 company has a 50 day moving average of $96.78 and a two-hundred day moving average of $107.96.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping 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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The business's quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 2,500 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 14,545 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the sale, the chief executive officer now directly owns 280,589 shares in the company, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,751 shares of company stock valued at $4,476,830. Company insiders own 0.21% of the company's stock.

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.