Moors & Cabot Inc. Buys Shares of 1,005 Twilio Inc. (NYSE:TWLO)

Posted by Defense World Staff on May 22nd, 2023

Moors & Cabot Inc. bought a new stake in Twilio Inc. (NYSE:TWLO – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,005 shares of the technology company’s stock, valued at approximately $265,000.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd lifted 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 acquiring an additional 172 shares during the period. Zullo Investment Group Inc. lifted its holdings in Twilio by 263.6% in the third quarter. Zullo Investment Group Inc. now owns 400 shares of the technology company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. Lazard Asset Management LLC lifted its holdings in Twilio by 169.4% in the third quarter. Lazard Asset Management LLC now owns 501 shares of the technology company’s stock valued at $34,000 after acquiring an additional 315 shares during the period. James Investment Research Inc. bought a new position in Twilio in the fourth quarter valued at about $26,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Twilio by 18.7% in the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock valued at $114,000 after acquiring an additional 109 shares during the period. Institutional investors own 78.68% of the company’s stock.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 8,461 shares of Twilio stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $64.24, for a total transaction of $543,534.64. Following the completion of the sale, the insider now directly owns 162,871 shares of the company’s stock, valued at approximately $10,462,833.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Donna Dubinsky purchased 3,995 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were acquired at an average cost of $62.72 per share, for a total transaction of $250,566.40. Following the acquisition, the director now owns 13,232 shares of the company’s stock, valued at approximately $829,911.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 8,461 shares of Twilio stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $64.24, for a total value of $543,534.64. Following the completion of the transaction, the insider now owns 162,871 shares in the company, valued at $10,462,833.04. The disclosure for this sale can be found here. Insiders sold a total of 41,991 shares of company stock valued at $2,633,220 in the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. Oppenheimer reduced their price target on Twilio from $85.00 to $75.00 in a research report on Wednesday, May 10th. Piper Sandler reduced their price target on Twilio from $83.00 to $56.00 in a research report on Wednesday, May 10th. Robert W. Baird reduced their price target on Twilio from $80.00 to $56.00 in a research report on Friday, May 12th. Finally, StockNews.com initiated coverage on Twilio in a research report on Thursday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.11.

Twilio Price Performance

Shares of TWLO stock opened at $51.21 on Monday. Twilio Inc. has a 52-week low of $41.00 and a 52-week high of $110.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.16 and a current ratio of 6.16. The firm has a market capitalization of $9.59 billion, a P/E ratio of -6.85 and a beta of 1.47. The stock has a 50 day moving average price of $57.30 and a 200 day moving average price of $55.85.

Twilio (NYSE:TWLO – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.21. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $999.82 million. Twilio had a negative return on equity of 6.91% and a negative net margin of 34.79%. As a group, sell-side analysts predict that Twilio Inc. will post -1.6 earnings per share for the current year.

Twilio Company Profile

(Get Rating)

Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.