Buffington Mohr McNeal purchased a new stake in Twilio Inc (NYSE:TWLO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,030 shares of the technology company’s stock, valued at approximately $262,000.
Several other large investors have also recently made changes to their positions in TWLO. Adirondack Trust Co. grew its position in Twilio by 625.0% in the fourth quarter. Adirondack Trust Co. now owns 348 shares of the technology company’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Parallel Advisors LLC boosted its stake in Twilio by 300.0% in the 4th quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $35,000 after purchasing an additional 300 shares during the period. Lindbrook Capital LLC boosted its stake in Twilio by 200.0% in the 1st quarter. Lindbrook Capital LLC now owns 300 shares of the technology company’s stock worth $38,000 after purchasing an additional 200 shares during the period. CWM LLC acquired a new position in Twilio in the 1st quarter worth approximately $39,000. Finally, Brasada Capital Management LP acquired a new position in Twilio in the 4th quarter worth approximately $45,000. Institutional investors own 57.01% of the company’s stock.
In other news, CEO Jeff Lawson sold 20,830 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $121.35, for a total transaction of $2,527,720.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 25,486 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $115.30, for a total transaction of $2,938,535.80. The disclosure for this sale can be found here. Insiders sold a total of 172,066 shares of company stock worth $22,064,447 in the last quarter. Insiders own 10.85% of the company’s stock.
Shares of TWLO stock traded up $0.13 on Wednesday, hitting $137.84. The company’s stock had a trading volume of 2,415,215 shares, compared to its average volume of 4,305,033. The firm has a market cap of $16.98 billion, a PE ratio of -172.30 and a beta of 1.31. Twilio Inc has a fifty-two week low of $51.82 and a fifty-two week high of $144.62. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18.
Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.40). The firm had revenue of $233.00 million during the quarter, compared to the consensus estimate of $223.45 million. Twilio had a negative return on equity of 9.50% and a negative net margin of 17.87%. The business’s revenue was up 80.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) EPS. As a group, analysts forecast that Twilio Inc will post -1.4 EPS for the current fiscal year.
A number of research firms recently commented on TWLO. KeyCorp raised their price objective on shares of Twilio from $114.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Bank of America reissued a “buy” rating and set a $130.00 target price (up previously from $125.00) on shares of Twilio in a research note on Wednesday, February 13th. Piper Jaffray Companies lifted their target price on shares of Twilio from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered shares of Twilio from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, reissued an “outperform” rating and set a $125.00 target price (up previously from $110.00) on shares of Twilio in a research note on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $138.36.
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Twilio Company Profile
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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