Jacobs Levy Equity Management Inc. Sells 37,657 Shares of Twilio Inc. (NYSE:TWLO)

Jacobs Levy Equity Management Inc. cut its position in shares of Twilio Inc. (NYSE:TWLO) by 5.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 596,942 shares of the technology company’s stock after selling 37,657 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.33% of Twilio worth $36,503,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Kodai Capital Management LP grew its stake in Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares in the last quarter. SVB Wealth LLC lifted its position in shares of Twilio by 27.6% in the first quarter. SVB Wealth LLC now owns 9,610 shares of the technology company’s stock valued at $588,000 after buying an additional 2,078 shares during the last quarter. London & Capital Asset Management Ltd lifted its position in shares of Twilio by 15.7% in the first quarter. London & Capital Asset Management Ltd now owns 154,691 shares of the technology company’s stock valued at $9,459,000 after buying an additional 21,038 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Twilio by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock valued at $7,529,000 after buying an additional 3,780 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Twilio by 3,879.7% in the first quarter. Truvestments Capital LLC now owns 8,238 shares of the technology company’s stock valued at $504,000 after buying an additional 8,031 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of recent analyst reports. Tigress Financial initiated coverage on Twilio in a research report on Friday, June 28th. They issued a “buy” rating and a $75.00 price objective for the company. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a report on Sunday. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Canaccord Genuity Group dropped their price target on Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Finally, Sanford C. Bernstein dropped their price target on Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus target price of $69.38.

Twilio Price Performance

Shares of Twilio stock traded up $0.41 during trading on Tuesday, reaching $59.01. 1,682,046 shares of the company’s stock were exchanged, compared to its average volume of 2,874,636. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The firm’s 50-day moving average price is $57.10 and its 200 day moving average price is $61.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, analysts forecast that Twilio Inc. will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 820 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the transaction, the insider now owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Twilio news, insider Dana Wagner sold 820 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the transaction, the insider now owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,586 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $370,528.36. Following the completion of the transaction, the chief financial officer now directly owns 188,462 shares of the company’s stock, valued at approximately $10,602,872.12. The disclosure for this sale can be found here. Insiders sold a total of 66,967 shares of company stock valued at $3,796,221 in the last 90 days. Corporate 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.