Strs Ohio Takes $1.04 Million Position in Twilio Inc. (NYSE:TWLO)

Strs Ohio bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,642 shares of the technology company's stock, valued at approximately $1,035,000.

Other large investors have also bought and sold shares of the company. Truvestments Capital LLC boosted its position in shares of Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock valued at $26,000 after purchasing an additional 247 shares during the period. Blue Trust Inc. boosted its position in shares of Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company's stock valued at $46,000 after purchasing an additional 564 shares during the period. Friedenthal Financial acquired a new position in shares of Twilio in the 4th quarter valued at $46,000. Fifth Third Bancorp acquired a new position in shares of Twilio in the 4th quarter valued at $49,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Twilio by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 985 shares of the technology company's stock valued at $58,000 after purchasing an additional 306 shares during the period. Institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares of the company's stock, valued at approximately $20,874,561.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 6,633 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.12, for a total value of $412,041.96. Following the sale, the chief financial officer now owns 234,411 shares of the company's stock, valued at approximately $14,561,611.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,961 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,958 shares of company stock valued at $1,910,447. Corporate insiders own 4.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TWLO. Royal Bank of Canada reiterated an "underperform" rating and issued a $50.00 price target on shares of Twilio in a research report on Wednesday, March 6th. Northland Securities lowered Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 price objective for the company. in a research report on Thursday, February 15th. TD Cowen decreased their price objective on Twilio from $72.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 6th. UBS Group decreased their price objective on Twilio from $82.00 to $74.00 and set a "buy" rating for the company in a research report on Wednesday, March 6th. Finally, Oppenheimer restated an "outperform" rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Twilio has a consensus rating of "Hold" and an average price target of $68.90.

Twilio Stock Performance

Shares of TWLO stock traded up $0.65 during trading on Wednesday, reaching $60.98. The company had a trading volume of 1,658,281 shares, compared to its average volume of 3,261,352. The firm's 50 day simple moving average is $60.08 and its two-hundred day simple moving average is $64.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. Twilio Inc. has a one year low of $45.02 and a one year high of $78.16. The company has a market capitalization of $11.04 billion, a PE ratio of -11.01 and a beta of 1.35.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Sell-side analysts forecast that Twilio Inc. will post -0.11 earnings per share for the current 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.