California Public Employees Retirement System Lowers Stake in Twilio Inc. (NYSE:TWLO)

California Public Employees Retirement System cut its stake in Twilio Inc. (NYSE:TWLO) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,717 shares of the technology company’s stock after selling 8,996 shares during the period. California Public Employees Retirement System’s holdings in Twilio were worth $18,187,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TWLO. Truvestments Capital LLC boosted its holdings in shares of Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after purchasing an additional 247 shares in the last quarter. Blue Trust Inc. lifted its position in Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares during the last quarter. Friedenthal Financial purchased a new stake in Twilio in the fourth quarter worth approximately $46,000. Fifth Third Bancorp bought a new position in Twilio during the fourth quarter valued at approximately $49,000. Finally, EMC Capital Management purchased a new position in shares of Twilio during the third quarter worth approximately $87,000. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several recent research reports. Barclays increased their target price on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Royal Bank of Canada restated an “underperform” rating and set a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. TD Cowen lowered their price objective on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 6th. HSBC downgraded shares of Twilio from a “hold” rating to a “reduce” rating and decreased their target price for the stock from $62.00 to $61.00 in a research note on Wednesday, February 14th. Finally, Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and increased their price target for the company from $75.00 to $82.00 in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.90.

Twilio Trading Up 0.6 %

Shares of NYSE:TWLO opened at $61.27 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The stock has a 50 day moving average price of $60.16 and a 200-day moving average price of $64.13. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16.

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

Insiders Place Their Bets

In other news, insider Dana Wagner sold 458 shares of Twilio 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 transaction, the insider now directly owns 171,744 shares in the company, valued at $9,567,858.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Aidan Viggiano sold 1,200 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $66,852.00. Following the sale, the chief financial officer now directly owns 241,044 shares of the company’s stock, valued at approximately $13,428,561.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 458 shares of Twilio stock in a transaction dated 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 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. Over the last quarter, insiders have sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is currently owned by company insiders.

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.