Foundations Investment Advisors LLC cut its position in Twilio Inc. (NYSE:TWLO – Free Report) by 72.0% during the first quarter, according to its latest 13F filing with the SEC. The institutional investor held 7,719 shares in the tech company after selling 19,813 shares during the period. His Twilio holdings in Foundations Investment Advisors LLC were valued at $514,000 as of the latest filing with the SEC.
Other institutional investors and hedge funds have also recently changed positions in the company. James Investment Research Inc. purchased a new position in his Twilio stock worth approximately $26,000 in the fourth quarter. Covestor Ltd increased his Twilio holdings by 419.5% during the first quarter. Covestor Ltd purchased an additional 172 of his shares during the last quarter and now owns 213 shares of the technology company worth $35,000. Concord Wealth Partners purchased his new shares of Twilio in the fourth quarter for a value of approximately $36,000. Lindbrook Capital LLC increased his Twilio holdings by 138.4% in the fourth quarter. Lindbrook Capital LLC purchased an additional 544 shares during the last quarter and now owns 937 shares of the technology company, valued at $46,000. Finally, Lazard Asset Management LLC increased his Twilio holdings by 133.3% during the fourth quarter. Lazard Asset Management LLC purchased an additional 668 shares during the last quarter and now owns 1,169 shares of the technology company worth $57,000. Institutional investors and hedge funds hold 77.29% of the company’s shares.
Twilio stock performance
Shares of Twilio stock opened Wednesday at $65.31. Twilio Inc. has a low of $41.00 and a 12-month high of $98.67. The company has a current ratio of 6.16, a quick ratio of 6.16 and a debt to equity ratio of 0.10. His 50-day moving average for this company is $60.54 and his 200-day moving average is $60.03.
Twilio (NYSE:TWLO – Get Your Free Report) last reported quarterly earnings data on Tuesday, May 9th. The company reported earnings per share (EPS) of $0.37 for the quarter, beating analyst consensus expectations of $0.58 by $0.21. Twilio had a return on equity of 6.91% and a negative net profit margin of 34.79%. The company had revenue of $1.01 billion for the quarter, compared with analysts’ expectations of $999.82 million. On average, an equity research analyst expects Twilio Inc.’s earnings per share to be -1.52 this year.
Analyst Rating Change
Several analysts have spoken out about the company. Royal Bank of Canada lowered its price target for Twilio from $75.00 to $55.00 in a report on Wednesday, May 10. Piper Sandler lowered Twilio’s price target from $83.00 to $56.00 in a report on Wednesday, May 10. Goldman Sachs Group downgraded Twilio’s rating from ‘buy’ to ‘neutral’ and its price target to $53.00 from $90.00 in a report on Thursday, May 11. Robert W. Baird lowered Twilio’s target price from $80.00 to $56.00 in his report on Friday, May 12th. Finally, Bank of America lowered its price target on Twilio from $65.00 to $55.00 in a research report on Wednesday, May 10. Two equity research analysts gave the stock a “sell” rating, 17 gave a “hold” rating, and nine gave a “buy” rating. According to MarketBeat.com, the company has an average valuation of “Hold” and an average price target of $73.88.
Insider trading at Twilio
In related news, CFO Aidan Villano sold 1,172 shares in a deal on Monday, May 15. The shares were sold at an average price of $45.44 for a total of $53,255.68. After the sale, the Chief Financial Officer now owns 212,897 shares of the company, valued at approximately $9,674,039.68. The deal is disclosed in his SEC filings, which can be accessed via this hyperlink. In related news, insider Elena A. Donio sold 6,485 shares of her stock in a transaction on Monday, June 5. The shares were sold at an average price of $67.07 for a total of $434,948.95. After the sale, insiders now own 425,177 shares of the company’s stock, valued at approximately $28,516,621.39. The transaction was disclosed in documents filed with the SEC, which can be accessed via this hyperlink. Also, CFO Aidan Villano sold 1,172 shares in a deal on Monday, May 15. The shares were sold at an average price of $45.44 for a total of $53,255.68. Following the closing of the sale, the Chief Financial Officer will own 212,897 shares of the company, valued at approximately $9,674,039.68. Disclosure information regarding this sale can be found here. Insiders sold a total of 34,024 shares worth $2,132,369 in the past 90 days. Corporate insiders own 4.20% of the company’s shares.
Twilio Inc, along with its subsidiaries, provides software and communications solutions in the United States and abroad. The company operates a cloud communications platform that enables developers to build, extend and operate customer engagements within their software applications. The company’s Customer Engagement Platform provides a set of application programming interfaces that allow developers to incorporate voice, messaging, and email interactions into customer-facing applications.
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