RMB Capital Management LLC Sells 72 Shares of Twilio Inc. (NYSE:TWLO)

RMB Capital Management LLC decreased its holdings in Twilio Inc. (NYSE:TWLO) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,434 shares of the technology company’s stock after selling 72 shares during the period. RMB Capital Management LLC’s holdings in Twilio were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. WMS Partners LLC grew its holdings in Twilio by 2.9% in the fourth quarter. WMS Partners LLC now owns 885 shares of the technology company’s stock worth $300,000 after purchasing an additional 25 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in Twilio by 1.8% in the fourth quarter. Capital Advisors Inc. OK now owns 1,535 shares of the technology company’s stock worth $520,000 after purchasing an additional 27 shares during the last quarter. Evanson Asset Management LLC grew its holdings in Twilio by 2.8% in the first quarter. Evanson Asset Management LLC now owns 1,076 shares of the technology company’s stock worth $367,000 after purchasing an additional 29 shares during the last quarter. James Investment Research Inc. grew its holdings in Twilio by 5.2% in the first quarter. James Investment Research Inc. now owns 584 shares of the technology company’s stock worth $199,000 after purchasing an additional 29 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its holdings in shares of Twilio by 3.4% during the first quarter. Mayflower Financial Advisors LLC now owns 908 shares of the technology company’s stock valued at $309,000 after buying an additional 30 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Twilio stock opened at $324.10 on Friday. The company has a 50 day moving average price of $341.00. Twilio Inc. has a 1-year low of $187.53 and a 1-year high of $457.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 12.19 and a current ratio of 12.19. The stock has a market cap of $55.97 billion, a PE ratio of -83.75 and a beta of 1.43.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, May 5th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.63. Twilio had a negative net margin of 30.33% and a negative return on equity of 5.84%. On average, research analysts forecast that Twilio Inc. will post -2.59 earnings per share for the current year.

A number of equities research analysts have recently weighed in on TWLO shares. Zacks Investment Research raised shares of Twilio from a “strong sell” rating to a “hold” rating and set a $386.00 price objective on the stock in a report on Tuesday, April 20th. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $465.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday, February 18th. Piper Sandler boosted their price objective on shares of Twilio from $475.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, February 18th. Canaccord Genuity boosted their price objective on shares of Twilio from $385.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, February 18th. Finally, JMP Securities boosted their price objective on shares of Twilio from $360.00 to $510.00 and gave the company a “market outperform” rating in a report on Thursday, February 25th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $445.64.

In related news, Director Richard L. Dalzell sold 1,500 shares of the stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $366.68, for a total transaction of $550,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Karyn Smith sold 441 shares of the stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $344.06, for a total transaction of $151,730.46. The disclosure for this sale can be found here. In the last three months, insiders sold 140,323 shares of company stock valued at $49,397,337. Corporate insiders own 6.68% of the company’s stock.

Twilio Profile

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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