Cerity Partners LLC Buys 6,681 Shares of Twilio Inc. (NYSE:TWLO)

Cerity Partners LLC raised its stake in shares of Twilio Inc. (NYSE:TWLO) by 105.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,043 shares of the technology company’s stock after purchasing an additional 6,681 shares during the quarter. Cerity Partners LLC’s holdings in Twilio were worth $990,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Synovus Financial Corp lifted its stake in Twilio by 6.9% during the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after acquiring an additional 306 shares during the period. Pearl River Capital LLC lifted its stake in Twilio by 363.2% during the 3rd quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock valued at $1,793,000 after acquiring an additional 24,026 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Twilio by 10.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after purchasing an additional 113,042 shares during the period. Hodges Capital Management Inc. bought a new position in shares of Twilio in the 3rd quarter worth approximately $4,738,000. Finally, New York Life Investment Management LLC lifted its stake in shares of Twilio by 70.9% in the 3rd quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock worth $1,295,000 after purchasing an additional 9,180 shares during the period. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 458 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Aidan Viggiano sold 3,375 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $60.79, for a total value of $205,166.25. Following the completion of the transaction, the chief financial officer now directly owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were 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 directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 in the last three months. 4.20% of the stock is currently owned by corporate insiders.

Twilio Trading Down 1.5 %

Shares of TWLO opened at $57.55 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16. The company has a 50 day simple moving average of $60.74 and a two-hundred day simple moving average of $63.98. The firm has a market cap of $10.42 billion, a P/E ratio of -10.39 and a beta of 1.35.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TWLO. Jefferies Financial Group lowered their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. UBS Group lowered their price objective 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. Northland Securities cut shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a research note on Thursday, February 15th. Barclays increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Twilio has an average rating of “Hold” and a consensus price target of $68.90.

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.