Bokf Na Purchases 444 Shares of Twilio Inc. (NYSE:TWLO)

Bokf Na raised its position in shares of Twilio Inc. (NYSE:TWLO) by 5.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,982 shares of the technology company’s stock after purchasing an additional 444 shares during the period. Bokf Na’s holdings in Twilio were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Qsemble Capital Management LP raised its holdings in shares of Twilio by 41.3% during the 2nd quarter. Qsemble Capital Management LP now owns 26,327 shares of the technology company’s stock valued at $1,496,000 after buying an additional 7,699 shares in the last quarter. HHM Wealth Advisors LLC grew its position in Twilio by 43.3% during the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Twilio by 0.4% during the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after acquiring an additional 220 shares in the last quarter. Choreo LLC bought a new stake in shares of Twilio in the 2nd quarter worth approximately $745,000. Finally, Quest Partners LLC boosted its stake in shares of Twilio by 482.6% in the 2nd quarter. Quest Partners LLC now owns 20,017 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 16,581 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TWLO shares. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $70.00 to $60.00 in a report on Friday, June 14th. Wells Fargo & Company lifted their price target on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Barclays dropped their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Twilio has a consensus rating of “Hold” and a consensus target price of $70.52.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 820 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the sale, the insider now directly owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Dana Wagner sold 820 shares of Twilio stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the transaction, the insider now owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the sale, the chief executive officer now directly owns 300,084 shares in the company, valued at $16,891,728.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,030 shares of company stock valued at $2,677,475. Corporate insiders own 4.50% of the company’s stock.

Twilio Trading Up 1.4 %

NYSE TWLO opened at $60.30 on Tuesday. The stock’s 50 day moving average is $59.56 and its 200 day moving average is $59.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $9.68 billion, a PE ratio of -15.04, a P/E/G ratio of 3.37 and a beta of 1.35. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.23) EPS. Research analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

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.