Van ECK Associates Corp acquired a new position in Twilio Inc. (NYSE:TWLO – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,355 shares of the technology company’s stock, valued at approximately $357,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. James Investment Research Inc. purchased a new stake in Twilio during the 4th quarter valued at $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Twilio during the 1st quarter valued at about $32,000. Covestor Ltd grew its position in Twilio by 419.5% during 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 period. Concord Wealth Partners purchased a new stake in shares of Twilio in the 4th quarter worth $36,000. Finally, Lazard Asset Management LLC lifted its position in shares of Twilio by 133.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,169 shares of the technology company’s stock valued at $57,000 after buying an additional 668 shares in the last quarter. Institutional investors own 77.29% of the company’s stock.
Insider Activity at Twilio
In other news, CFO Aidan Viggiano sold 1,172 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $45.44, for a total value of $53,255.68. Following the completion of the sale, the chief financial officer now owns 212,897 shares of the company’s stock, valued at $9,674,039.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Twilio news, insider Elena A. Donio sold 6,485 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $67.07, for a total transaction of $434,948.95. Following the completion of the transaction, the insider now directly owns 425,177 shares of the company’s stock, valued at approximately $28,516,621.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,172 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $45.44, for a total transaction of $53,255.68. Following the transaction, the chief financial officer now directly owns 212,897 shares in the company, valued at approximately $9,674,039.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,024 shares of company stock worth $2,132,369. 4.20% of the stock is owned by insiders.
Twilio Stock Up 0.5 %
Twilio (NYSE:TWLO – Get Free Report) last released its earnings results on Tuesday, May 9th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.21. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $999.82 million. Twilio had a negative net margin of 34.79% and a negative return on equity of 6.91%. Research analysts expect that Twilio Inc. will post -1.52 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TWLO. Oppenheimer reduced their price objective on shares of Twilio from $85.00 to $75.00 in a research note on Wednesday, May 10th. Barclays lowered their target price on shares of Twilio from $75.00 to $50.00 in a report on Thursday, May 11th. Morgan Stanley raised their price objective on Twilio from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. Bank of America decreased their price objective on Twilio from $65.00 to $55.00 in a report on Wednesday, May 10th. Finally, Royal Bank of Canada cut Twilio from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Twilio currently has an average rating of “Hold” and an average target price of $72.04.
Get Our Latest Report on Twilio
Twilio Company Profile
Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.
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