Sonen Capital LLC Acquires Shares of 5,782 Twilio Inc. (NYSE:TWLO)

Sonen Capital LLC acquired a new stake in Twilio Inc. (NYSE:TWLOGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,782 shares of the technology company’s stock, valued at approximately $953,000. Twilio comprises approximately 1.2% of Sonen Capital LLC’s holdings, making the stock its 27th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Twilio in the 4th quarter valued at about $384,675,000. ARK Investment Management LLC raised its stake in shares of Twilio by 23.7% in the 1st quarter. ARK Investment Management LLC now owns 5,021,261 shares of the technology company’s stock valued at $827,554,000 after purchasing an additional 962,047 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Twilio by 22.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,204,710 shares of the technology company’s stock valued at $692,978,000 after purchasing an additional 770,655 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of Twilio by 25.8% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 3,755,024 shares of the technology company’s stock valued at $619,579,000 after purchasing an additional 770,512 shares in the last quarter. Finally, Castleview Partners LLC acquired a new stake in shares of Twilio in the 4th quarter valued at about $2,456,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Twilio news, insider Eyal Manor sold 853 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $82.69, for a total value of $70,534.57. Following the completion of the sale, the insider now owns 160,358 shares in the company, valued at approximately $13,260,003.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $82.69, for a total transaction of $70,534.57. Following the transaction, the insider now owns 160,358 shares in the company, valued at approximately $13,260,003.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Khozema Shipchandler sold 1,454 shares of the firm’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $90.21, for a total transaction of $131,165.34. Following the transaction, the chief operating officer now owns 90,000 shares in the company, valued at approximately $8,118,900. The disclosure for this sale can be found here. Insiders sold a total of 14,242 shares of company stock worth $1,374,510 in the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Twilio Trading Down 13.5 %

Shares of NYSE:TWLO traded down $13.27 during mid-day trading on Friday, hitting $84.92. The stock had a trading volume of 17,350,174 shares, compared to its average volume of 3,352,158. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.10 and a current ratio of 8.10. The company has a market cap of $15.43 billion, a PE ratio of -14.42 and a beta of 1.53. Twilio Inc. has a 12-month low of $77.14 and a 12-month high of $382.75. The company’s 50 day moving average is $90.94 and its 200-day moving average is $129.29.

Twilio (NYSE:TWLOGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The technology company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.09. Twilio had a negative net margin of 31.16% and a negative return on equity of 7.02%. The business had revenue of $943.35 million during the quarter, compared to the consensus estimate of $920.97 million. During the same quarter in the prior year, the firm earned ($0.94) EPS. The firm’s quarterly revenue was up 41.0% on a year-over-year basis. On average, sell-side analysts predict that Twilio Inc. will post -3.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TWLO. Cowen dropped their price objective on shares of Twilio from $150.00 to $125.00 in a research note on Friday. Sanford C. Bernstein began coverage on shares of Twilio in a research note on Tuesday, July 19th. They set a “market perform” rating and a $91.00 price objective on the stock. JMP Securities dropped their price objective on shares of Twilio from $510.00 to $250.00 in a research note on Thursday, May 5th. Mizuho dropped their price objective on shares of Twilio from $200.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Atlantic Securities cut shares of Twilio from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $240.00 to $100.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Twilio has an average rating of “Moderate Buy” and an average price target of $177.96.

About Twilio

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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