Stonegate Investment Group LLC Sells 5,000 Shares of Twilio Inc. (NYSE:TWLO)

Stonegate Investment Group LLC reduced its holdings in shares of Twilio Inc. (NYSE:TWLO) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,000 shares of the technology company’s stock after selling 5,000 shares during the quarter. Stonegate Investment Group LLC’s holdings in Twilio were worth $978,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWLO. Probity Advisors Inc. acquired a new stake in Twilio during the 3rd quarter worth approximately $234,000. Creative Planning lifted its holdings in Twilio by 15.4% during the 3rd quarter. Creative Planning now owns 32,451 shares of the technology company’s stock worth $2,116,000 after purchasing an additional 4,322 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Twilio by 450.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the technology company’s stock worth $72,000 after purchasing an additional 900 shares during the last quarter. Tobam lifted its holdings in Twilio by 243.6% during the 3rd quarter. Tobam now owns 21,645 shares of the technology company’s stock worth $1,412,000 after purchasing an additional 15,346 shares during the last quarter. Finally, CWM LLC lifted its holdings in Twilio by 45.0% during the 3rd quarter. CWM LLC now owns 20,569 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 6,387 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TWLO shares. JPMorgan Chase & Co. lifted their price objective on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Finally, Barclays dropped their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.52.

Twilio Trading Up 0.9 %

Shares of TWLO stock opened at $70.85 on Friday. The firm has a market capitalization of $12.13 billion, a P/E ratio of -17.67, a P/E/G ratio of 4.04 and a beta of 1.35. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $63.26 and its 200 day simple moving average is $60.26.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. Twilio’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is currently owned by company insiders.

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.