Twilio Inc. (NYSE:TWLO) Shares Sold by KRS Capital Management LLC

KRS Capital Management LLC trimmed its position in Twilio Inc. (NYSE:TWLO) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,290 shares of the technology company’s stock after selling 400 shares during the period. KRS Capital Management LLC’s holdings in Twilio were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Twilio by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company’s stock worth $1,351,212,000 after purchasing an additional 241,738 shares during the period. Norges Bank acquired a new stake in shares of Twilio during the 4th quarter valued at $179,739,000. Dimensional Fund Advisors LP boosted its stake in shares of Twilio by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock worth $105,131,000 after acquiring an additional 217,796 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Twilio by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock worth $95,261,000 after acquiring an additional 43,124 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Twilio by 3.2% during the third quarter. Northern Trust Corp now owns 1,254,309 shares of the technology company’s stock worth $73,415,000 after purchasing an additional 38,776 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen dropped their price target on Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Jefferies Financial Group cut their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Robert W. Baird dropped their price target on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, UBS Group dropped their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $69.48.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the sale, the chief executive officer now owns 311,325 shares of the company’s stock, valued at $17,745,525. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the sale, the chief executive officer now owns 311,325 shares of the company’s stock, valued at $17,745,525. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,633 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.12, for a total transaction of $412,041.96. Following the sale, the chief financial officer now directly owns 234,411 shares in the company, valued at $14,561,611.32. The disclosure for this sale can be found here. Insiders sold 52,349 shares of company stock valued at $3,120,046 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Up 1.5 %

Shares of TWLO traded up $0.82 during trading hours on Friday, reaching $56.81. 2,646,437 shares of the company traded hands, compared to its average volume of 2,566,100. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $58.49 and its 200 day moving average is $63.72.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts forecast that Twilio Inc. will post 0.18 earnings per share 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.