Public Employees Retirement Association of Colorado Sells 770 Shares of Twilio Inc. (NYSE:TWLO)

Public Employees Retirement Association of Colorado trimmed its stake in Twilio Inc. (NYSE:TWLO) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,835 shares of the technology company’s stock after selling 770 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Twilio were worth $1,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Twilio during the fourth quarter worth approximately $478,000. V Square Quantitative Management LLC boosted its stake in shares of Twilio by 68.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after purchasing an additional 792 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in Twilio in the 4th quarter worth $1,689,000. Finally, Bares Capital Management Inc. lifted its stake in Twilio by 28.6% in the fourth quarter. Bares Capital Management Inc. now owns 428,730 shares of the technology company’s stock worth $32,528,000 after purchasing an additional 95,258 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Down 0.0 %

TWLO opened at $63.00 on Wednesday. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. 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 50 day moving average price of $60.10 and a 200-day moving average price of $59.45. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of -15.71, a PEG ratio of 3.43 and a beta of 1.35.

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

Insiders Place Their Bets

In related news, insider Dana Wagner sold 591 shares of Twilio stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 11,241 shares of the 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 sale, 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 available at this link. Also, insider Dana Wagner sold 591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,030 shares of company stock worth $2,677,475. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. increased their price target on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler reiterated an “overweight” rating and set a $83.00 target price (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $70.00 to $60.00 in a research report on Friday, June 14th. Finally, Tigress Financial upped their target price on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.52.

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.