Stonegate Investment Group LLC Sells 5,000 Shares of Twilio Inc. (NYSE:TWLO)

Stonegate Investment Group LLC cut its holdings in shares of Twilio Inc. (NYSE:TWLO) by 25.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the technology company’s stock after selling 5,000 shares during the period. Stonegate Investment Group LLC’s holdings in Twilio were worth $978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SouthState Corp increased its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Twilio in the 2nd quarter worth about $29,000. Westend Capital Management LLC bought a new stake in Twilio in the 1st quarter worth about $35,000. GAMMA Investing LLC grew its position in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares in the last quarter. Finally, Lynx Investment Advisory bought a new stake in Twilio in the 2nd quarter worth about $45,000. 84.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TWLO. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price objective on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Sanford C. Bernstein upped their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.52.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the sale, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the sale, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the transaction, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $3,388,596 in the last three months. Company insiders own 4.50% of the company’s stock.

Twilio Stock Up 0.9 %

Shares of NYSE:TWLO opened at $70.85 on Friday. The firm has a fifty day moving average price of $63.26 and a two-hundred day moving average price of $60.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company has a market cap of $12.13 billion, a price-to-earnings ratio of -17.67, a PEG ratio of 4.04 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned ($0.23) EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts anticipate that Twilio Inc. will post 0.54 EPS for the current fiscal year.

About Twilio

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.