Clayton Partners LLC Sells 597 Shares of Twilio Inc. (NYSE:TWLO)

Clayton Partners LLC reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 1.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 49,021 shares of the technology company’s stock after selling 597 shares during the quarter. Twilio comprises approximately 2.2% of Clayton Partners LLC’s holdings, making the stock its 20th largest holding. Clayton Partners LLC’s holdings in Twilio were worth $2,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in Twilio during the fourth quarter valued at $25,000. SouthState Corp grew its position in Twilio by 159.1% in 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 during the second quarter worth approximately $29,000. Westend Capital Management LLC purchased a new stake in Twilio during the first quarter valued at approximately $35,000. Finally, GAMMA Investing LLC lifted its stake in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Performance

TWLO stock opened at $63.25 on Friday. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of -15.77, a PEG ratio of 3.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The firm has a 50-day simple moving average of $59.94 and a two-hundred day simple moving average of $59.40.

Twilio (NYSE:TWLO) last posted 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. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted ($0.23) earnings per share. Twilio’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 820 shares of the 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 sale, the insider now directly owns 159,317 shares in the company, valued at $8,963,174.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Khozema Shipchandler sold 11,241 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.29, for a total value of $632,755.89. Following the completion of the transaction, the chief executive officer now owns 300,084 shares in the company, valued at approximately $16,891,728.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 820 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $46,133.20. Following the sale, the insider now owns 159,317 shares in the company, valued at approximately $8,963,174.42. The disclosure for this sale can be found here. Insiders have sold a total of 47,030 shares of company stock worth $2,677,475 in the last ninety days. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TWLO has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. Sanford C. Bernstein raised their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $70.00 to $60.00 in a report on Friday, June 14th. Wells Fargo & Company upped their target price on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Twilio presently has a consensus rating of “Hold” and an average price target of $70.52.

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.