Twilio Inc. (NYSE:TWLO) Shares Acquired by TrueMark Investments LLC

TrueMark Investments LLC increased its position in Twilio Inc. (NYSE:TWLO) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,400 shares of the technology company’s stock after buying an additional 2,067 shares during the period. TrueMark Investments LLC’s holdings in Twilio were worth $1,064,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Principal Securities Inc. purchased a new stake in Twilio in the fourth quarter valued at approximately $25,000. Truvestments Capital LLC grew its holdings 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. Westend Capital Management LLC purchased a new stake in Twilio in the first quarter valued at approximately $35,000. Blue Trust Inc. grew its holdings in 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 purchasing an additional 564 shares during the period. Finally, Friedenthal Financial purchased a new stake in Twilio in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Oppenheimer reiterated an “outperform” rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, April 17th. The Goldman Sachs Group boosted their price objective on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Sanford C. Bernstein decreased their price objective on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Twilio presently has a consensus rating of “Hold” and an average target price of $69.20.

Twilio Stock Up 1.1 %

TWLO traded up $0.63 during trading on Tuesday, hitting $55.44. The company had a trading volume of 2,497,840 shares, compared to its average volume of 3,065,484. The company has a market cap of $9.49 billion, a PE ratio of -13.83, a P/E/G ratio of 9.23 and a beta of 1.34. The business has a 50-day moving average of $58.62 and a 200-day moving average of $63.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. As a group, analysts forecast that Twilio Inc. will post 0.18 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,130 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.14, for a total transaction of $256,638.20. Following the sale, the insider now directly owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 4,130 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.14, for a total transaction of $256,638.20. Following the sale, the insider now directly owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the sale, the chief executive officer now directly owns 311,325 shares in the company, valued at $17,745,525. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,349 shares of company stock valued at $3,120,046. Company insiders own 4.50% of the company’s stock.

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.