Twilio Inc. (NYSE:TWLO) Shares Sold by Triumph Capital Management

Triumph Capital Management decreased its position in Twilio Inc. (NYSE:TWLO) by 25.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,706 shares of the technology company’s stock after selling 1,241 shares during the quarter. Triumph Capital Management’s holdings in Twilio were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC acquired a new position in Twilio in the 4th quarter valued at about $1,435,000. Brighton Jones LLC raised its stake in Twilio by 1.8% in the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after purchasing an additional 185 shares during the last quarter. Van ECK Associates Corp raised its stake in Twilio by 35.9% in the 4th quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock valued at $217,000 after purchasing an additional 754 shares during the last quarter. Kovack Advisors Inc. raised its stake in Twilio by 22.0% in the 4th quarter. Kovack Advisors Inc. now owns 7,729 shares of the technology company’s stock valued at $586,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Motley Fool Asset Management LLC acquired a new position in Twilio in the 4th quarter valued at about $223,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at approximately $10,529,034.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the transaction, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. In the last three months, insiders sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is currently owned by insiders.

Twilio Stock Performance

NYSE TWLO opened at $60.96 on Thursday. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16. The business has a 50 day moving average price of $60.32 and a two-hundred day moving average price of $64.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. On average, equities analysts predict that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $82.00 in a research note on Friday, January 12th. Barclays upped their price objective on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.90.

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.