Twilio Inc. (NYSE:TWLO) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in Twilio Inc. (NYSE:TWLO) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,813 shares of the technology company’s stock after acquiring an additional 400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Twilio were worth $1,428,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Twilio during the 4th quarter worth $180,000. Desjardins Global Asset Management Inc. grew its stake in shares of Twilio by 15.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after acquiring an additional 192 shares in the last quarter. SVB Wealth LLC increased its position in shares of Twilio by 40.7% during the fourth quarter. SVB Wealth LLC now owns 7,532 shares of the technology company’s stock worth $571,000 after acquiring an additional 2,179 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Twilio by 20.3% in the fourth quarter. Mackenzie Financial Corp now owns 9,635 shares of the technology company’s stock worth $731,000 after acquiring an additional 1,624 shares in the last quarter. Finally, Strs Ohio purchased a new position in Twilio in the fourth quarter valued at about $1,035,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $61.43, for a total transaction of $51,662.63. Following the sale, the insider now directly owns 166,773 shares in the company, valued at $10,244,865.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Dana Wagner sold 841 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the sale, the insider now owns 166,773 shares of the company’s stock, valued at $10,244,865.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $66,852.00. Following the completion of the sale, the chief financial officer now owns 241,044 shares of the company’s stock, valued at $13,428,561.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,958 shares of company stock valued at $1,910,447. 4.20% of the stock is currently owned by corporate insiders.

Twilio Stock Up 2.9 %

TWLO stock opened at $60.33 on Wednesday. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $60.31 and its 200 day simple moving average is $64.03. The stock has a market cap of $10.92 billion, a PE ratio of -10.89 and a beta of 1.35. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. As a group, sell-side analysts predict that Twilio Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on TWLO. Oppenheimer restated an “outperform” rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Wells Fargo & Company cut their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 6th. Stifel Nicolaus decreased their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Piper Sandler upgraded shares of Twilio from a “neutral” rating to an “overweight” rating and upped their target price for the company from $75.00 to $82.00 in a research note on Friday, January 12th. Finally, Northland Securities downgraded Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $68.90.

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.