Brighton Jones LLC Lowers Stock Position in Twilio Inc. (NYSE:TWLO)

Brighton Jones LLC cut its position in shares of Twilio Inc. (NYSE:TWLO) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,428 shares of the technology company’s stock after selling 425 shares during the quarter. Brighton Jones LLC’s holdings in Twilio were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SouthState Corp raised its stake in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Twilio in the second quarter worth about $29,000. GAMMA Investing LLC boosted its stake in Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. Lynx Investment Advisory bought a new position in shares of Twilio during the 2nd quarter valued at approximately $45,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after purchasing an additional 260 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TWLO. Sanford C. Bernstein increased their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Wells Fargo & Company lifted their price objective on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays lowered their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (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 assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Twilio has a consensus rating of “Hold” and a consensus target price of $71.48.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is currently owned by corporate insiders.

Twilio Stock Performance

NYSE TWLO opened at $70.48 on Friday. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a fifty day moving average of $64.08 and a 200-day moving average of $60.54. The company has a market capitalization of $12.06 billion, a P/E ratio of -17.61, a P/E/G ratio of 4.02 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 (NYSE:TWLO) last issued its quarterly earnings results 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. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.23) earnings per share. As a group, equities research analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

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.