Twilio Inc. (NYSE:TWLO) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO) by 41.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,581 shares of the technology company’s stock after selling 3,241 shares during the period. Perigon Wealth Management LLC’s holdings in Twilio were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Truvestments Capital LLC grew its stake in Twilio by 123.5% in the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares in the last quarter. RVW Wealth LLC purchased a new position in Twilio in the third quarter valued at about $30,000. Optimum Investment Advisors grew its stake in Twilio by 68.3% in the third quarter. Optimum Investment Advisors now owns 505 shares of the technology company’s stock valued at $30,000 after purchasing an additional 205 shares in the last quarter. Covestor Ltd grew its stake in Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after purchasing an additional 172 shares in the last quarter. Finally, Quarry LP grew its stake in Twilio by 328.2% in the second quarter. Quarry LP now owns 561 shares of the technology company’s stock valued at $36,000 after purchasing an additional 430 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Up 0.2 %

Shares of TWLO stock opened at $59.17 on Wednesday. The stock has a 50 day moving average of $61.48 and a two-hundred day moving average of $63.95. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. On average, research analysts expect that Twilio Inc. will post -0.11 EPS for the current year.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 458 shares of the firm’s 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 transaction, the insider now owns 171,744 shares in the company, valued at approximately $9,567,858.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Dana Wagner sold 458 shares of the firm’s 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 transaction, the insider now owns 171,744 shares in the company, valued at approximately $9,567,858.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 3,375 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the transaction, the chief financial officer now owns 231,036 shares of the company’s stock, valued at approximately $14,044,678.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TWLO. JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research note on Thursday, February 15th. Robert W. Baird upped their price target on Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Barclays upped their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group upped their price target on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Finally, StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus price target 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.