Desjardins Global Asset Management Inc. Has $112,000 Stock Position in Twilio Inc. (NYSE:TWLO)

Desjardins Global Asset Management Inc. raised its stake in Twilio Inc. (NYSE:TWLO) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,475 shares of the technology company’s stock after buying an additional 192 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Twilio were worth $112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TWLO. Acadian Asset Management LLC boosted its position in Twilio by 39.9% in the first quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock valued at $192,000 after buying an additional 336 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Twilio in the first quarter valued at approximately $894,000. Panagora Asset Management Inc. boosted its position in Twilio by 29.1% in the first quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock valued at $459,000 after buying an additional 629 shares in the last quarter. Synovus Financial Corp boosted its position in Twilio by 57.9% in the first quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock valued at $817,000 after buying an additional 1,818 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Twilio by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock worth $43,765,000 after purchasing an additional 48,552 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the sale, the chief financial officer now directly owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the sale, the chief financial officer now directly owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the business’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 directly owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 over the last three months. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their price target on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. TD Cowen cut their price target on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 6th. Barclays lifted their price target on shares of Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $68.90.

Twilio Trading Down 1.5 %

TWLO opened at $57.55 on Friday. Twilio Inc. has a 1-year low of $45.02 and a 1-year high of $78.16. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The company has a market cap of $10.42 billion, a P/E ratio of -10.39 and a beta of 1.35. The company has a fifty day moving average price of $60.74 and a two-hundred day moving average price of $63.88.

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