6,210 Shares in Twilio Inc. (NYSE:TWLO) Acquired by PFG Investments LLC

PFG Investments LLC bought a new stake in Twilio Inc. (NYSE:TWLO) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,210 shares of the technology company’s stock, valued at approximately $380,000.

A number of other institutional investors have also made changes to their positions in TWLO. Principal Securities Inc. purchased a new stake in shares of Twilio in the 4th quarter valued at $25,000. Truvestments Capital LLC lifted its position in shares of Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after purchasing an additional 247 shares in the last quarter. Westend Capital Management LLC purchased a new position in shares of Twilio in the first quarter valued at approximately $35,000. Blue Trust Inc. increased its stake in Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares during the period. Finally, Friedenthal Financial acquired a new stake in Twilio during the 4th quarter worth approximately $46,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares in the company, valued at $9,567,858.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Twilio news, insider Dana Wagner sold 458 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,958 shares of company stock worth $1,910,447. Insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer restated an “outperform” rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, April 17th. Robert W. Baird upped their price target on Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Thursday, February 15th. UBS Group cut their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Finally, HSBC cut shares of Twilio from a “hold” rating to a “reduce” rating and reduced their target price for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Two 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. According to MarketBeat, Twilio has a consensus rating of “Hold” and an average target price of $68.90.

Twilio Stock Performance

Shares of TWLO stock traded down $1.39 during mid-day trading on Tuesday, hitting $59.87. 1,907,550 shares of the stock were exchanged, compared to its average volume of 3,193,139. The stock’s fifty day simple moving average is $60.22 and its two-hundred day simple moving average is $64.16. 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 Inc. has a 12-month low of $45.02 and a 12-month high of $78.16. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of -10.81 and a beta of 1.35.

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

About Twilio

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.