Twilio Inc. (NYSE:TWLO) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lessened its stake in Twilio Inc. (NYSE:TWLO) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 48,789 shares of the technology company’s stock after selling 2,146 shares during the quarter. Forte Capital LLC ADV’s holdings in Twilio were worth $3,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Robertson Stephens Wealth Management LLC grew its position in shares of Twilio by 102.2% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company’s stock valued at $807,000 after acquiring an additional 650,000 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Twilio by 73.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock valued at $70,965,000 after purchasing an additional 515,068 shares during the period. Vanguard Group Inc. increased its position in shares of Twilio by 2.6% in the third quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock valued at $1,028,245,000 after buying an additional 445,877 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Twilio during the 3rd quarter valued at approximately $20,797,000. Finally, International Assets Investment Management LLC lifted its position in shares of Twilio by 6,662.4% during the 4th quarter. International Assets Investment Management LLC now owns 250,750 shares of the technology company’s stock valued at $19,024,000 after buying an additional 247,042 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 0.6 %

NYSE:TWLO traded up $0.37 on Friday, hitting $61.89. The stock had a trading volume of 2,243,789 shares, compared to its average volume of 2,052,078. The company has a fifty day moving average price of $60.50 and a two-hundred day moving average price of $64.15. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of -11.17 and a beta of 1.33. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 1-year low of $45.02 and a 1-year high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Equities research analysts expect that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research report on Wednesday, March 6th. Northland Securities cut Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a report on Thursday, February 15th. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Stifel Nicolaus decreased their target price on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company dropped their price target on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $68.90.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 841 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the transaction, the insider now owns 166,773 shares of the company’s stock, valued at approximately $10,244,865.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $61.43, for a total value of $51,662.63. Following the completion of the transaction, the insider now owns 166,773 shares in the company, valued at $10,244,865.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock worth $1,910,447 over the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Twilio Company 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.