Jacobs Levy Equity Management Inc. Lowers Holdings in Twilio Inc. (NYSE:TWLO)

Jacobs Levy Equity Management Inc. lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 723,896 shares of the technology company's stock after selling 143,025 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.47% of Twilio worth $78,239,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ritholtz Wealth Management bought a new position in shares of Twilio during the fourth quarter valued at approximately $344,000. Bleakley Financial Group LLC purchased a new stake in Twilio during the fourth quarter worth $230,000. Aigen Investment Management LP increased its holdings in shares of Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after acquiring an additional 5,188 shares during the period. Highland Capital Management LLC purchased a new position in shares of Twilio in the 4th quarter valued at $912,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Twilio in the 4th quarter worth $860,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's 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 directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TWLO. Needham & Company LLC cut their target price on Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and lifted their price objective for the stock from $77.00 to $99.00 in a research report on Monday, May 5th. Robert W. Baird decreased their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Piper Sandler lifted their price target on shares of Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, JMP Securities reiterated a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Twilio Trading Up 0.5 %

TWLO stock opened at $105.71 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company's 50-day simple moving average is $95.98 and its 200-day simple moving average is $106.27. The firm has a market cap of $16.13 billion, a P/E ratio of -165.17, a PEG ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Twilio's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. As a group, equities analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal 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.

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