CAPROCK Group Inc. increased its position in shares of Twilio Inc. (NYSE: TWLO – Get Rating) by 10.0% in Q1, reports Holdings Channel.com. The institutional investor held 2,291 shares of the technology company after buying 209 additional shares during the quarter. CAPROCK Group Inc.’s holdings in Twilio were worth $378,000 when it last filed with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. Gables Capital Management Inc. purchased a new stake in Twilio stock during Q4 for $26,000. Greycroft LP purchased a new stake in Twilio stock during Q4 for $29,000. Confluence Wealth Services Inc. purchased a new equity stake in Twilio during Q4 for $33,000. MUFG Americas Holdings Corp purchased a new equity stake in Twilio during Q4 for $34,000. Finally, Cornerstone Advisory LLC purchased a new equity stake in Twilio during Q4 for $35,000. 75.10% of the shares are held by institutional investors and hedge funds.
NYSE TWLO shares opened at $99.12 on Friday. The company has a market capitalization of $18.01 billion, a PE ratio of -18.25 and a beta of 1.55. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt ratio of 0.09. Twilio Inc. has a 1-year low of $77.14 and a 1-year high of $412.68. The company’s 50-day moving average is $104.61 and its 200-day moving average is $163.27.
Twilio (NYSE:TWLO – Get Rating) last reported quarterly results on Wednesday, May 4. The technology company reported ($0.86) earnings per share for the quarter, beating analyst consensus estimates of ($0.98) by $0.12. The company posted revenue of $875.36 million for the quarter, versus a consensus estimate of $861.56 million. Twilio had a negative net margin of 30.86% and a negative return on equity of 6.11%. As a group, equity research analysts expect Twilio Inc. to post earnings per share of -3.4 for the current fiscal year.
Several analysts have recently released reports on the stock. Cowen lowered his price target on Twilio shares from $300.00 to $250.00 in a Thursday, May 5 report. Barclays cut Twilio shares from an “overweight” rating to an “equal weight” rating and reduced its target price for the company from $175.00 to $110.00 in a Thursday, June 2 research note. BTIG Research reduced its target price on Twilio shares from $270.00 to $230.00 in a Thursday, May 5 research note. Wells Fargo & Company reduced its target price on Twilio shares from $225.00 to $180.00 and set an “overweight” rating for the company in a Wednesday, May 18 research note. Finally, Jefferies Financial Group reduced its target price on Twilio shares from $175.00 to $130.00 in a Monday, May 23 research note. One equity research analyst rated the stock with a sell rating, two gave the company’s stock a hold rating and twenty gave the company’s stock a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $265.24.
Separately, COO Khozema Shipchandler sold 3,600 shares in a trade that took place on Monday, May 16. The shares were sold at an average price of $105.78, for a total value of $380,808.00. Following the sale, the COO now directly owns 96,549 shares of the company, valued at approximately $10,212,953.22. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, insider Dana Wagner sold 2,387 shares in a trade that took place on Monday, May 16. The shares were sold at an average price of $105.91, for a total transaction of $252,807.17. Following the completion of the sale, the insider now owns 79,665 shares of the company, valued at $8,437,320.15. The disclosure of this sale can be found here. Insiders sold a total of 13,388 shares of the company worth $1,581,026 during the last quarter. 4.96% of the shares are currently held by insiders.
Profile of Twilio (Get an assessment)
Twilio Inc, together with its subsidiaries, provides a cloud-based communications platform that enables developers to create, scale, and leverage customer engagement in software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for almost any type of customer engagement, and allows developers to integrate voice, messaging, video, and email in their apps.
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