Federated Hermes Inc. Sells 1,181 Shares of Twilio Inc. (NYSE:TWLO)

Federated Hermes Inc. reduced its stake in Twilio Inc. (NYSE:TWLO) by 8.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,462 shares of the technology company’s stock after selling 1,181 shares during the period. Federated Hermes Inc.’s holdings in Twilio were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC increased its stake in Twilio by 2.3% in the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after purchasing an additional 166 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock valued at $102,000 after purchasing an additional 167 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Twilio by 3.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after purchasing an additional 201 shares in the last quarter. Arizona State Retirement System increased its stake in Twilio by 0.4% in the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 205 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings 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 valued at $3,413,000 after buying an additional 220 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Stock Performance

Shares of TWLO stock opened at $63.22 on Monday. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of -15.77, a P/E/G 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. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16. The firm’s 50-day simple moving average is $59.94 and its two-hundred day simple moving average is $59.42.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

TWLO has been the subject of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $70.00 to $60.00 in a report on Friday, June 14th. Sanford C. Bernstein lifted their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Barclays reduced their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Finally, Wells Fargo & Company lifted their price objective 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.52.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,241 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.29, for a total value of $632,755.89. Following the sale, the chief executive officer now owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Aidan Viggiano sold 6,797 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.33, for a total value of $382,875.01. Following the sale, the chief financial officer now owns 195,048 shares of the company’s stock, valued at $10,987,053.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,241 shares of the business’s stock in a transaction that occurred 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 directly owns 300,084 shares in the company, valued at approximately $16,891,728.36. 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 quarter. Company insiders own 4.50% of the company’s stock.

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.