UMB Bank n.a. Buys Shares of 380 Twilio Inc. (NYSE:TWLO)

UMB Bank n.a. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 380 shares of the technology company’s stock, valued at approximately $37,000.

Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $44,000. Private Trust Co. NA raised its stake in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after acquiring an additional 360 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in shares of Twilio by 1,778.6% in the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company’s stock valued at $52,000 after purchasing an additional 498 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Twilio from $106.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Wells Fargo & Company lowered their price target on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley lowered their target price on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group lowered their target price on shares of Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Twilio from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and an average price target of $125.35.

Insider Buying and Selling

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the transaction, the director now directly owns 33,488 shares of the company’s stock, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,884 shares of company stock valued at $4,719,065. Insiders own 0.21% of the company’s stock.

Twilio Stock Down 2.2%

Shares of Twilio stock opened at $113.31 on Monday. The firm has a fifty day moving average of $104.66 and a two-hundred day moving average of $110.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $17.30 billion, a P/E ratio of -177.04, a PEG ratio of 4.30 and a beta of 1.30. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. On average, analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

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.