Twilio Inc. (NYSE:TWLO) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its stake in Twilio Inc. (NYSE:TWLOFree Report) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,459 shares of the technology company’s stock after selling 2,794 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Twilio were worth $1,552,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TWLO. Norges Bank purchased a new stake in shares of Twilio in the 4th quarter valued at $179,739,000. Kodai Capital Management LP purchased a new stake in Twilio during the fourth quarter worth about $82,558,000. Contrarius Investment Management Ltd acquired a new stake in shares of Twilio during the fourth quarter worth about $80,043,000. Robertson Stephens Wealth Management LLC lifted its position in shares of Twilio by 102.2% during the third quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company’s stock worth $807,000 after purchasing an additional 650,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Twilio by 73.9% in the third 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 in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 1.4 %

Shares of TWLO opened at $57.80 on Tuesday. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. The company has a 50-day moving average of $59.92 and a two-hundred day moving average of $64.85.

Twilio (NYSE:TWLOGet Free Report) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. As a group, equities research analysts expect that Twilio Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on TWLO shares. Wells Fargo & Company dropped their target price on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price target on shares of Twilio in a research note on Wednesday, March 6th. 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 report on Wednesday, March 6th. TD Cowen cut their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 6th. Finally, StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.95.

Check Out Our Latest Research Report on Twilio

Insiders Place Their Bets

In other Twilio 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 value of $681,006.93. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction dated Monday, April 1st. The shares were 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,633 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.12, for a total transaction of $412,041.96. Following the completion of the sale, the chief financial officer now directly owns 234,411 shares in the company, valued at $14,561,611.32. The disclosure for this sale can be found here. Insiders have sold 27,692 shares of company stock valued at $1,714,597 in the last ninety days. Insiders own 4.50% of the company’s stock.

Twilio Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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