Jacobs Levy Equity Management Inc. Sells 37,657 Shares of Twilio Inc. (NYSE:TWLO)

Jacobs Levy Equity Management Inc. lowered its position in shares of Twilio Inc. (NYSE:TWLO) by 5.9% in the 1st quarter, HoldingsChannel reports. The firm owned 596,942 shares of the technology company’s stock after selling 37,657 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Twilio were worth $36,503,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. increased its holdings in Twilio by 14.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock valued at $102,000 after purchasing an additional 167 shares during the period. Brighton Jones LLC boosted its position in Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after acquiring an additional 185 shares in the last quarter. Fifth Third Bancorp boosted its position in Twilio by 29.0% during the 1st quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock valued at $51,000 after acquiring an additional 189 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its position in Twilio by 15.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after acquiring an additional 192 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Twilio by 3.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after acquiring an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 0.7 %

TWLO stock traded up $0.41 during midday trading on Tuesday, hitting $59.01. The company’s stock had a trading volume of 1,682,046 shares, compared to its average volume of 2,874,636. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. The firm’s 50-day moving average is $57.10 and its 200-day moving average is $61.16.

Twilio (NYSE:TWLO) last released its quarterly earnings data 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. On average, equities research analysts expect that Twilio Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Piper Sandler cut their price objective on Twilio from $79.00 to $77.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Canaccord Genuity Group cut their price objective on Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Sanford C. Bernstein cut their price objective on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 8th. Macquarie dropped their price target on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, Robert W. Baird dropped their price target on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.38.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 796 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the completion of the sale, the insider now directly owns 164,374 shares in the company, valued at approximately $10,140,232.06. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Aidan Viggiano sold 956 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $58,975.64. Following the completion of the sale, the chief financial officer now directly owns 228,506 shares in the company, valued at approximately $14,096,535.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 796 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $49,105.24. Following the completion of the sale, the insider now owns 164,374 shares of the company’s stock, valued at $10,140,232.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,967 shares of company stock worth $3,796,221. Insiders own 4.50% of the company’s stock.

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.