Twilio Inc. (NYSE:TWLO) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its position in Twilio Inc. (NYSE:TWLO) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,946 shares of the technology company’s stock after purchasing an additional 447 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Twilio were worth $527,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC raised its position in Twilio by 123.5% in the third 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 period. Blue Trust Inc. lifted its position in Twilio by 1,566.7% during 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. Friedenthal Financial acquired a new position in Twilio during the 4th quarter worth approximately $46,000. Fifth Third Bancorp purchased a new position in Twilio in the 4th quarter worth approximately $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Twilio in the fourth quarter valued at approximately $57,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Up 0.6 %

Shares of NYSE:TWLO opened at $61.89 on Monday. Twilio Inc. has a twelve month low of $45.02 and a twelve month 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 firm has a market cap of $11.27 billion, a P/E ratio of -11.17 and a beta of 1.33. The company has a 50 day moving average of $60.50 and a 200-day moving average of $64.25.

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

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 841 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the sale, the insider now directly owns 166,773 shares of the company’s stock, valued at $10,244,865.39. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock valued at $1,910,447 over the last three months. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen decreased their target price on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. Stifel Nicolaus lowered their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Thursday, February 15th. 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. Finally, Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $68.90.

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.