PFG Investments LLC Sells 2,641 Shares of Twilio Inc. (NYSE:TWLO)

PFG Investments LLC trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO) by 42.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,569 shares of the technology company’s stock after selling 2,641 shares during the period. PFG Investments LLC’s holdings in Twilio were worth $203,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TWLO. Quest Partners LLC boosted its stake in 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 buying an additional 16,581 shares in the last quarter. Oak Thistle LLC grew its holdings in shares of Twilio by 318.0% in the 2nd quarter. Oak Thistle LLC now owns 14,893 shares of the technology company’s stock worth $846,000 after purchasing an additional 11,330 shares during the last quarter. Fiducient Advisors LLC increased its position in shares of Twilio by 57.1% during the 2nd quarter. Fiducient Advisors LLC now owns 5,500 shares of the technology company’s stock worth $312,000 after purchasing an additional 2,000 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Twilio by 543.2% during the 2nd quarter. Acadian Asset Management LLC now owns 43,554 shares of the technology company’s stock valued at $2,470,000 after purchasing an additional 36,783 shares during the last quarter. Finally, Savant Capital LLC acquired a new position in Twilio in the second quarter valued at about $1,316,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,797 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the sale, the chief financial officer now owns 195,048 shares of the company’s stock, valued at approximately $10,987,053.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the sale, the chief executive officer now owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,797 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.33, for a total transaction of $382,875.01. Following the completion of the sale, the chief financial officer now directly owns 195,048 shares in the company, valued at $10,987,053.84. The disclosure for this sale can be found here. Insiders have sold a total of 47,030 shares of company stock valued at $2,677,475 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TWLO shares. Barclays cut their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. Tigress Financial raised their target price on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average target price of $70.52.

Twilio Trading Up 0.5 %

NYSE TWLO opened at $59.46 on Friday. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The stock has a 50-day simple moving average of $59.50 and a 200 day simple moving average of $59.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $9.55 billion, a PE ratio of -14.83, a P/E/G ratio of 3.37 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly 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 return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted ($0.23) EPS. Twilio’s revenue was up 4.4% on a year-over-year basis. Research analysts forecast that Twilio Inc. will post 0.54 EPS for the current 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.