Harel Insurance Investments & Financial Services Ltd. reduced its holdings in Twilio Inc. (NYSE:TWLO – Get Rating) by 31.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724 shares of the technology company's stock after selling 334 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Twilio were worth $61,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in TWLO. Commerce Bank raised its holdings in shares of Twilio by 6.0% in the 4th quarter. Commerce Bank now owns 3,714 shares of the technology company's stock worth $978,000 after purchasing an additional 210 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Twilio by 98.4% in the fourth quarter. Guggenheim Capital LLC now owns 11,156 shares of the technology company's stock worth $2,938,000 after acquiring an additional 5,532 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Twilio in the fourth quarter worth approximately $606,000. Cubist Systematic Strategies LLC increased its position in shares of Twilio by 305.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 37,234 shares of the technology company's stock worth $9,805,000 after acquiring an additional 28,046 shares in the last quarter. Finally, Cinctive Capital Management LP purchased a new position in shares of Twilio in the fourth quarter worth approximately $1,249,000. 79.32% of the stock is currently owned by institutional investors.
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Analyst Ratings Changes
Several research analysts have recently weighed in on TWLO shares. The Goldman Sachs Group dropped their target price on shares of Twilio from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, August 8th. Mizuho dropped their target price on shares of Twilio from $200.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, August 5th. Argus downgraded shares of Twilio from a "buy" rating to a "hold" rating in a research report on Wednesday, August 10th. Stifel Nicolaus dropped their target price on shares of Twilio from $90.00 to $80.00 and set a "hold" rating on the stock in a research report on Thursday, September 15th. Finally, Oppenheimer lowered their price objective on shares of Twilio from $260.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $151.62.
Insider Transactions at Twilio
In other news, insider Eyal Manor sold 397 shares of the business's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $76.34, for a total value of $30,306.98. Following the completion of the sale, the insider now directly owns 156,084 shares in the company, valued at $11,915,452.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through
this link. In related news, insider Eyal Manor sold 397 shares of the company's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $76.34, for a total transaction of $30,306.98. Following the completion of the transaction, the insider now directly owns 156,084 shares in the company, valued at approximately $11,915,452.56. The transaction was disclosed in a filing with the SEC, which is available through
the SEC website. Also, COO Khozema Shipchandler sold 3,503 shares of the company's stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $80.93, for a total transaction of $283,497.79. Following the transaction, the chief operating officer now owns 83,070 shares of the company's stock, valued at $6,722,855.10. The disclosure for this sale can be found
here. Over the last three months, insiders sold 11,128 shares of company stock worth $944,301. 4.96% of the stock is owned by insiders.
Twilio Stock Down 2.1 %
TWLO stock opened at $69.14 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.42 and a quick ratio of 6.42. Twilio Inc. has a 12 month low of $64.29 and a 12 month high of $373.00. The firm has a 50 day moving average of $77.26 and a two-hundred day moving average of $101.48.
Twilio (NYSE:TWLO – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The technology company reported ($1.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.51). Twilio had a negative return on equity of 7.05% and a negative net margin of 31.16%. The firm had revenue of $943.35 million during the quarter, compared to analyst estimates of $920.97 million. During the same quarter in the previous year, the firm posted ($0.94) earnings per share. Twilio's quarterly revenue was up 41.0% compared to the same quarter last year. On average, sell-side analysts predict that Twilio Inc. will post -4.27 earnings per share for the current year.
Twilio Profile
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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within 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 nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.
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