26,581 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, Holdings Channel reports. The firm acquired 26,581 shares of the technology company’s stock, valued at approximately $2,017,000.

Several other large investors also recently modified their holdings of the stock. Truvestments Capital LLC lifted its holdings in Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after acquiring an additional 564 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Twilio in the 4th quarter worth approximately $46,000. Fifth Third Bancorp bought a new stake in Twilio during the 4th quarter worth approximately $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Twilio during the 4th quarter valued at $57,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TWLO shares. Wells Fargo & Company reduced their price objective on Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 6th. Piper Sandler upgraded shares of Twilio from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $82.00 in a research report on Friday, January 12th. Stifel Nicolaus lowered their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Northland Securities lowered shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research report on Thursday, February 15th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price target on shares of Twilio in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.90.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 1,666 shares of Twilio stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the transaction, the insider now directly owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the sale, the insider now owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $66,852.00. Following the completion of the transaction, the chief financial officer now owns 241,044 shares of the company’s stock, valued at $13,428,561.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,958 shares of company stock valued at $1,910,447. Corporate insiders own 4.20% of the company’s stock.

Twilio Stock Up 0.0 %

Shares of Twilio stock opened at $63.33 on Wednesday. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16. The business has a fifty day simple moving average of $60.72 and a 200 day simple moving average of $64.38. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The stock has a market cap of $11.53 billion, a PE ratio of -11.43 and a beta of 1.33.

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

Twilio 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.