DekaBank Deutsche Girozentrale Sells 32,553 Shares of Twilio Inc. (NYSE:TWLO)

DekaBank Deutsche Girozentrale decreased its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,308 shares of the technology company's stock after selling 32,553 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.05% of Twilio worth $7,287,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of Twilio by 18.7% in the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company's stock worth $114,000 after acquiring an additional 109 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in Twilio by 8.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company's stock valued at $285,000 after buying an additional 133 shares during the last quarter. Covestor Ltd increased its holdings in Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company's stock valued at $35,000 after buying an additional 172 shares during the last quarter. Blue Zone Wealth Advisors LLC grew its holdings in shares of Twilio by 4.0% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company's stock valued at $359,000 after purchasing an additional 181 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Twilio by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company's stock valued at $4,229,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the sale, the chief financial officer now owns 231,036 shares in the company, valued at approximately $14,044,678.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the sale, the chief financial officer now owns 231,036 shares in the company, valued at approximately $14,044,678.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 458 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the sale, the insider now owns 171,744 shares of the company's stock, valued at approximately $9,567,858.24. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock worth $1,910,447 over the last ninety days. Company insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Twilio from $69.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, March 6th. Northland Securities lowered Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 target price for the company. in a report on Thursday, February 15th. Piper Sandler raised Twilio from a "neutral" rating to an "overweight" rating and upped their target price for the company from $75.00 to $82.00 in a report on Friday, January 12th. Stifel Nicolaus lowered their target price on Twilio from $70.00 to $60.00 and set a "hold" rating for the company in a report on Wednesday, March 6th. Finally, Robert W. Baird upped their target price on Twilio from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Twilio presently has an average rating of "Hold" and an average target price of $68.90.

Twilio Price Performance

TWLO traded down $0.52 during trading on Thursday, reaching $61.33. The stock had a trading volume of 2,363,540 shares, compared to its average volume of 3,417,022. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of -11.07 and a beta of 1.35. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 1-year low of $45.02 and a 1-year high of $78.16. The stock has a 50 day moving average of $62.08 and a two-hundred day moving average of $63.84.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. As a group, equities analysts anticipate that Twilio Inc. will post -0.24 EPS for the current fiscal year.

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.