Twilio Inc. (NYSE:TWLO) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp reduced its stake in Twilio Inc. (NYSE:TWLO) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,904 shares of the technology company’s stock after selling 2,572 shares during the period. Cibc World Markets Corp’s holdings in Twilio were worth $746,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake in shares of Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after acquiring an additional 85 shares in the last quarter. Allworth Financial LP grew its stake in shares of Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after acquiring an additional 94 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its position in shares of Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock worth $423,000 after purchasing an additional 124 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWLO has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Needham & Company LLC increased their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Oppenheimer increased their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Tigress Financial increased their price target on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock worth $2,441,324 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

TWLO opened at $103.44 on Friday. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of -161.62, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The business has a 50 day moving average price of $121.32 and a two-hundred day moving average price of $99.13.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Research analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.