Twilio Inc. (NYSE:TWLO) Shares Sold by Inceptionr LLC

Inceptionr LLC cut its position in Twilio Inc. (NYSE:TWLO) by 62.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,435 shares of the technology company’s stock after selling 5,795 shares during the period. Inceptionr LLC’s holdings in Twilio were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Twilio by 1,267.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock worth $49,115,000 after buying an additional 421,199 shares during the last quarter. KBC Group NV boosted its stake in Twilio by 1,138.4% during the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after buying an additional 258,469 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Twilio during the fourth quarter worth $25,778,000. Finally, Franklin Resources Inc. boosted its stake in Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after buying an additional 193,971 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TWLO shares. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $185.00 in a research note on Monday, January 27th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Needham & Company LLC upped their price target on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. One 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was 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 approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock worth $2,441,324 in the last quarter. 4.50% of the stock is owned by company insiders.

Twilio Price Performance

Shares of NYSE TWLO opened at $106.08 on Friday. The stock’s 50-day moving average is $123.26 and its two-hundred day moving average is $96.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a market cap of $16.27 billion, a price-to-earnings ratio of -165.75, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

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