Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 63,467 Twilio Inc. (NYSE:TWLO)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 63,467 shares of the technology company’s stock, valued at approximately $4,815,000.

Other institutional investors have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. bought a new position in Twilio in the 4th quarter worth $1,689,000. Vanguard Group Inc. raised its stake in shares of Twilio by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company’s stock worth $1,351,212,000 after buying an additional 241,738 shares during the period. Greenwood Capital Associates LLC purchased a new position in shares of Twilio during the 4th quarter valued at about $478,000. Syon Capital LLC bought a new position in shares of Twilio during the 4th quarter valued at approximately $372,000. Finally, Garde Capital Inc. purchased a new stake in Twilio in the 4th quarter worth approximately $105,000. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,130 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.14, for a total value of $256,638.20. Following the completion of the sale, the insider now owns 167,614 shares in the company, valued at approximately $10,415,533.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 6,633 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.12, for a total value of $412,041.96. Following the transaction, the chief financial officer now owns 234,411 shares of the company’s stock, valued at approximately $14,561,611.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.14, for a total value of $256,638.20. Following the sale, the insider now owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The disclosure for this sale can be found here. Insiders have sold 52,349 shares of company stock worth $3,120,046 over the last quarter. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TWLO shares. UBS Group dropped their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Sunday. Piper Sandler boosted their price objective on Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Sanford C. Bernstein decreased their target price on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.20.

Twilio Stock Down 1.0 %

Shares of NYSE TWLO opened at $53.01 on Wednesday. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The business’s 50 day moving average is $59.24 and its two-hundred day moving average is $64.44.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, analysts anticipate that Twilio Inc. will post 0.18 earnings per share for the current fiscal year.

Twilio 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.