Atria Wealth Solutions Inc. Takes Position in Twilio Inc. (NYSE:TWLO)

Atria Wealth Solutions Inc. bought a new position in Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,059 shares of the technology company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC lifted its stake in Twilio by 95.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,432 shares of the technology company’s stock valued at $155,000 after acquiring an additional 699 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Twilio by 141.5% in the fourth quarter. Truist Financial Corp now owns 17,834 shares of the technology company’s stock valued at $1,927,000 after purchasing an additional 10,448 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Twilio by 9.8% during the fourth quarter. CIBC Asset Management Inc now owns 7,050 shares of the technology company’s stock valued at $762,000 after purchasing an additional 629 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Twilio by 28.0% during the fourth quarter. Sanctuary Advisors LLC now owns 15,834 shares of the technology company’s stock worth $1,711,000 after purchasing an additional 3,463 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Twilio by 1,124.8% during the fourth quarter. Principal Financial Group Inc. now owns 142,602 shares of the technology company’s stock worth $15,412,000 after purchasing an additional 130,959 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,906 shares of company stock worth $2,950,514. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several recent analyst reports. Tigress Financial lifted their target price on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Scotiabank lifted their price target on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $185.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Stock Performance

NYSE:TWLO opened at $119.91 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a market cap of $18.39 billion, a P/E ratio of -187.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43. The firm’s fifty day simple moving average is $123.07 and its 200 day simple moving average is $94.59.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, research analysts predict that Twilio Inc. will post 1.44 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.