Twilio Inc. (NYSE:TWLO) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in Twilio Inc. (NYSE:TWLOFree Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,806 shares of the technology company’s stock after acquiring an additional 201 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Twilio were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Securities Inc. acquired a new stake in Twilio in the fourth quarter valued at approximately $25,000. Activest Wealth Management lifted its position in shares of Twilio by 327.9% during the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after buying an additional 400 shares in the last quarter. Westend Capital Management LLC acquired a new stake in Twilio in the 1st quarter valued at $35,000. Blue Trust Inc. increased its holdings 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 acquiring an additional 564 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in Twilio during the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 956 shares of Twilio stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $58,975.64. Following the transaction, the chief financial officer now owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Twilio news, CFO Aidan Viggiano sold 956 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $58,975.64. Following the completion of the sale, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at approximately $14,096,535.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 11,241 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the transaction, the chief executive officer now directly owns 300,084 shares in the company, valued at $16,891,728.36. The disclosure for this sale can be found here. Insiders have sold 48,684 shares of company stock valued at $2,767,619 in the last ninety days. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Piper Sandler increased their target price on Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, April 17th. Needham & Company LLC reissued a “buy” rating and issued a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. Finally, Canaccord Genuity Group lowered their target price on shares of Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.48.

Check Out Our Latest Research Report on Twilio

Twilio Stock Performance

Shares of TWLO stock opened at $57.41 on Tuesday. The firm has a 50 day moving average of $58.08 and a two-hundred day moving average of $62.79. The stock has a market capitalization of $9.83 billion, a PE ratio of -14.32, a P/E/G ratio of 9.68 and a beta of 1.35. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16.

Twilio (NYSE:TWLOGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.15. The business had revenue of $1.05 billion during 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%. On average, research analysts predict that Twilio Inc. will post 0.18 EPS for the current fiscal year.

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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