7,334 Shares in Twilio Inc. (TWLO) Acquired by Principal Financial Group Inc.
Principal Financial Group Inc. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,334 shares of the technology company’s stock, valued at approximately $219,000.
Other institutional investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its stake in shares of Twilio by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after buying an additional 34 shares during the last quarter. Pacer Advisors Inc. boosted its position in Twilio by 12.1% during the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after purchasing an additional 555 shares in the last quarter. IFP Advisors Inc boosted its position in Twilio by 10.0% during the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after purchasing an additional 469 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Twilio during the second quarter worth approximately $159,000. Finally, US Bancorp DE boosted its position in Twilio by 199.1% during the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after purchasing an additional 3,878 shares in the last quarter. Institutional investors and hedge funds own 60.12% of the company’s stock.
In related news, General Counsel Karyn Smith sold 5,213 shares of Twilio stock in a transaction on Monday, November 20th. The stock was sold at an average price of $25.83, for a total value of $134,651.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lee Kirkpatrick sold 10,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $32.17, for a total value of $321,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,305 shares of company stock valued at $826,584. Company insiders own 25.03% of the company’s stock.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The company had revenue of $100.54 million during the quarter, compared to analyst estimates of $92.50 million. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) earnings per share. analysts predict that Twilio Inc. will post -0.75 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Canaccord Genuity reiterated a “buy” rating and set a $38.00 price target on shares of Twilio in a research report on Wednesday, December 6th. KeyCorp reiterated a “hold” rating on shares of Twilio in a research report on Tuesday, December 5th. Drexel Hamilton reiterated a “buy” rating and set a $47.00 price target on shares of Twilio in a research report on Monday, December 4th. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Northland Securities set a $36.00 target price on Twilio and gave the company a “buy” rating in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Twilio presently has a consensus rating of “Buy” and an average price target of $36.78.
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Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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