Twilio Inc. (NYSE:TWLO) Shares Sold by Sciencast Management LP

Sciencast Management LP lessened its holdings in Twilio Inc. (NYSE:TWLO) by 22.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,092 shares of the technology company’s stock after selling 8,258 shares during the quarter. Sciencast Management LP’s holdings in Twilio were worth $3,036,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Twilio in the 4th quarter valued at $44,000. Finally, Brooklyn Investment Group purchased a new position in Twilio in the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the topic of several research analyst reports. Barclays boosted their price target on Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada reiterated an “underperform” rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Jefferies Financial Group upped their price objective on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average target price of $135.35.

Twilio Stock Up 1.6 %

TWLO stock opened at $103.44 on Friday. The stock has a market capitalization of $15.79 billion, a P/E ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The firm has a 50-day simple moving average of $121.32 and a 200-day simple moving average of $98.86. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.