Strs Ohio Acquires Shares of 13,642 Twilio Inc. (NYSE:TWLO)

Strs Ohio acquired a new stake in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,642 shares of the technology company’s stock, valued at approximately $1,035,000.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Twilio by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock valued at $1,028,245,000 after purchasing an additional 445,877 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of Twilio by 1.3% in the 3rd quarter. ARK Investment Management LLC now owns 7,132,012 shares of the technology company’s stock valued at $417,437,000 after purchasing an additional 93,828 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Twilio by 1.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company’s stock valued at $359,118,000 after purchasing an additional 111,093 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Twilio by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,254,309 shares of the technology company’s stock valued at $73,415,000 after purchasing an additional 38,776 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Twilio by 73.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock valued at $70,965,000 after purchasing an additional 515,068 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at approximately $10,529,034.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is currently owned by company insiders.

Twilio Price Performance

Shares of NYSE:TWLO opened at $60.33 on Wednesday. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16. The business’s fifty day simple moving average is $60.31 and its 200-day simple moving average is $64.03. 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 (NYSE:TWLO) last announced its quarterly earnings results 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 return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, analysts expect that Twilio Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TWLO. Jefferies Financial Group decreased their price target on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. UBS Group decreased their price target on Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. HSBC lowered Twilio from a “hold” rating to a “reduce” rating and decreased their price target for the stock from $62.00 to $61.00 in a research note on Wednesday, February 14th. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price target on shares of Twilio in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus decreased their price target on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. 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. According to data from MarketBeat.com, the company has an average 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.