Twilio Inc. (NYSE:TWLO) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its stake in Twilio Inc. (NYSE:TWLO) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 222,003 shares of the technology company’s stock after selling 2,102 shares during the period. King Luther Capital Management Corp owned approximately 0.14% of Twilio worth $12,612,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after buying an additional 224,040 shares in the last quarter. Kodai Capital Management LP boosted its position in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares in the last quarter. Dorsal Capital Management LP grew its stake in Twilio by 4.5% in the 4th quarter. Dorsal Capital Management LP now owns 1,150,000 shares of the technology company’s stock valued at $87,250,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Contrarius Investment Management Ltd purchased a new position in Twilio during the 4th quarter valued at about $80,043,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,237 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.28, for a total value of $238,458.36. Following the completion of the sale, the insider now owns 160,137 shares in the company, valued at $9,012,510.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Twilio news, CFO Aidan Viggiano sold 6,586 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $370,528.36. Following the transaction, the chief financial officer now owns 188,462 shares in the company, valued at approximately $10,602,872.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,237 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total value of $238,458.36. Following the sale, the insider now owns 160,137 shares of the company’s stock, valued at $9,012,510.36. The disclosure for this sale can be found here. Insiders have sold 47,030 shares of company stock valued at $2,677,475 over the last three months. 4.50% of the stock is owned by company insiders.

Twilio Stock Performance

NYSE TWLO opened at $63.25 on Friday. 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 1-year low of $49.86 and a 1-year high of $78.16. The firm has a market capitalization of $10.16 billion, a P/E ratio of -15.77, a P/E/G ratio of 3.43 and a beta of 1.35. The business’s 50-day simple moving average is $59.94 and its 200-day simple moving average is $59.40.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. Twilio’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts predict that Twilio Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Sanford C. Bernstein increased their price target on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Tigress Financial raised their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their target price on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Two equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.52.

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.