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

Probity Advisors Inc. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,593 shares of the technology company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Vanguard Group Inc. lifted its holdings in shares of Twilio by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company’s stock valued at $1,351,212,000 after buying an additional 241,738 shares during the period. PNC Financial Services Group Inc. raised its holdings in Twilio by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,935 shares of the technology company’s stock worth $1,209,000 after purchasing an additional 823 shares during the period. International Assets Investment Management LLC raised its holdings in Twilio by 18.6% in the 1st quarter. International Assets Investment Management LLC now owns 3,921 shares of the technology company’s stock worth $245,000 after purchasing an additional 616 shares during the period. Washington Capital Management Inc. raised its holdings in Twilio by 5.4% in the 1st quarter. Washington Capital Management Inc. now owns 9,800 shares of the technology company’s stock worth $599,000 after purchasing an additional 500 shares during the period. Finally, Westend Capital Management LLC bought a new position in Twilio in the 1st quarter worth $35,000. 84.27% of the stock is owned by institutional investors.

Twilio Trading Down 0.4 %

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

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The company 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%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) earnings per share. Equities research analysts anticipate that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TWLO shares. Barclays decreased their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Tigress Financial raised their target price on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price target (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Finally, Wells Fargo & Company increased their price target on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Two investment 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 data from MarketBeat, Twilio presently has an average rating of “Hold” and an average price target of $70.52.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,906 shares of company stock worth $3,388,596. 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.