Price T Rowe Associates Inc. MD Sells 20,259 Shares of Twilio Inc. (NYSE:TWLO)

Price T Rowe Associates Inc. MD decreased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 108,324 shares of the technology company's stock after selling 20,259 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.07% of Twilio worth $11,708,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Tidal Investments LLC lifted its position in shares of Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after acquiring an additional 112 shares during the period. Franklin Resources Inc. lifted its position in Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock worth $14,341,000 after purchasing an additional 193,971 shares during the period. American Trust bought a new stake in Twilio in the 3rd quarter valued at $224,000. Versant Capital Management Inc raised its stake in shares of Twilio by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company's stock valued at $126,000 after buying an additional 484 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock valued at $92,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents 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 link. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares of the company's stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,471 shares of company stock worth $2,344,149. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TWLO. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research note on Friday. Royal Bank of Canada reaffirmed an "underperform" rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. Morgan Stanley cut their target price on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group decreased their price target on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday. Finally, William Blair reissued an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has an average rating of "Moderate Buy" and a consensus price target of $120.21.

Twilio Trading Down 2.0 %

Twilio stock traded down $2.11 during midday trading on Tuesday, hitting $100.94. 2,808,930 shares of the stock were exchanged, compared to its average volume of 2,700,599. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $15.41 billion, a PE ratio of -157.72, a P/E/G ratio of 4.30 and a beta of 1.44. The company has a fifty day simple moving average of $97.04 and a two-hundred day simple moving average of $105.59.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The company's revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Twilio Inc. will post 1.44 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.