Probity Advisors Inc. Purchases New Position in Twilio Inc. (NYSE:TWLO)

Probity Advisors Inc. acquired a new position in Twilio Inc. (NYSE:TWLO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,593 shares of the technology company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SouthState Corp boosted its holdings in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio during the 2nd quarter valued at $29,000. Westend Capital Management LLC bought a new position in shares of Twilio in the first quarter worth $35,000. GAMMA Investing LLC increased its holdings in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the period. Finally, Lynx Investment Advisory purchased a new stake in shares of Twilio in the second quarter worth $45,000. 84.27% of the stock is owned by institutional investors.

Twilio Trading Down 0.4 %

NYSE TWLO opened at $70.21 on Friday. The stock has a 50-day moving average of $63.05 and a 200-day moving average of $60.20. The firm has a market cap of $12.02 billion, a PE ratio of -17.51, a price-to-earnings-growth ratio of 4.04 and a beta of 1.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The business 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%. Twilio’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.23) EPS. As a group, sell-side analysts forecast that Twilio Inc. will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Sanford C. Bernstein boosted their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Barclays reduced their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their target price on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.52.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the transaction, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the transaction, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the sale, the chief executive officer now owns 267,090 shares in the company, valued at $17,678,687.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,906 shares of company stock valued at $3,388,596 in the last 90 days. Insiders own 4.50% of the company’s stock.

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.