Cambridge Investment Research Advisors Inc. Lowers Stock Position in Twilio Inc. (NYSE:TWLO)

Cambridge Investment Research Advisors Inc. lessened its holdings in Twilio Inc. (NYSE:TWLO) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,549 shares of the technology company’s stock after selling 1,709 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Twilio were worth $3,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TWLO. Brighton Jones LLC lifted its position in shares of Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 623 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Twilio during the 4th quarter valued at approximately $223,000. IFP Advisors Inc lifted its position in shares of Twilio by 300.5% during the 4th quarter. IFP Advisors Inc now owns 1,754 shares of the technology company’s stock valued at $190,000 after acquiring an additional 1,316 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after acquiring an additional 99,786 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its position in shares of Twilio by 2.2% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 69,300 shares of the technology company’s stock valued at $7,490,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Tigress Financial reiterated a “buy” rating and set a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. KeyCorp initiated coverage on shares of Twilio in a research report on Friday, June 6th. They set an “overweight” rating and a $146.00 price target for the company. Royal Bank Of Canada restated an “underperform” rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. Piper Sandler lifted their price objective on Twilio from $106.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Scotiabank lifted their price objective on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.39.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 14,545 shares of Twilio stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the sale, the chief executive officer now owns 280,589 shares in the company, valued at $25,704,758.29. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 sale, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,884 shares of company stock worth $4,719,065 over the last three months. 0.21% of the stock is owned by insiders.

Twilio Price Performance

Shares of NYSE:TWLO opened at $122.92 on Friday. The company has a market cap of $18.77 billion, a P/E ratio of -585.31, a P/E/G ratio of 3.82 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52 week low of $55.38 and a 52 week high of $151.95. The business has a fifty day simple moving average of $111.05 and a 200-day simple moving average of $111.51.

Twilio (NYSE:TWLO) last announced 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. Equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

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.