Cambridge Investment Research Advisors Inc. Sells 11,606 Shares of Twilio Inc. (NYSE:TWLO)

Cambridge Investment Research Advisors Inc. decreased its holdings in Twilio Inc. (NYSE:TWLO – Get Rating) by 38.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,491 shares of the technology company’s stock after selling 11,606 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Twilio were worth $905,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Twilio by 1.7% during the 4th quarter. Nordea Investment Management AB now owns 10,533 shares of the technology company’s stock valued at $505,000 after acquiring an additional 179 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Twilio by 15.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,320 shares of the technology company’s stock valued at $652,000 after acquiring an additional 1,795 shares in the last quarter. Arizona State Retirement System lifted its stake in Twilio by 5.0% during the 4th quarter. Arizona State Retirement System now owns 49,056 shares of the technology company’s stock valued at $2,402,000 after acquiring an additional 2,340 shares in the last quarter. Granite Point Capital Management L.P. bought a new position in Twilio during the 4th quarter valued at $441,000. Finally, Richard W. Paul & Associates LLC bought a new position in Twilio during the 4th quarter valued at $461,000. Institutional investors own 78.68% of the company’s stock.

Insider Activity

In related news, insider Dana Wagner sold 8,461 shares of Twilio stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $64.24, for a total transaction of $543,534.64. Following the sale, the insider now directly owns 162,871 shares in the company, valued at $10,462,833.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Dana Wagner sold 8,461 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $64.24, for a total transaction of $543,534.64. Following the sale, the insider now owns 162,871 shares of the company’s stock, valued at $10,462,833.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeff Lawson acquired 158,081 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were acquired at an average cost of $63.26 per share, for a total transaction of $10,000,204.06. Following the purchase, the chief executive officer now directly owns 226,397 shares of the company’s stock, valued at $14,321,874.22. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 41,991 shares of company stock valued at $2,633,220. Corporate insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TWLO shares. Needham & Company LLC lifted their target price on shares of Twilio from $60.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Wells Fargo & Company lifted their target price on shares of Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. StockNews.com started coverage on Twilio in a research note on Thursday. They set a “hold” rating on the stock. Barclays lowered their target price on Twilio from $75.00 to $50.00 in a research note on Thursday, May 11th. Finally, Sanford C. Bernstein lowered their target price on Twilio from $77.00 to $58.00 in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Twilio presently has an average rating of “Hold” and an average target price of $79.11.

Twilio Price Performance

Shares of TWLO stock opened at $51.21 on Friday. The firm has a market cap of $9.59 billion, a P/E ratio of -6.85 and a beta of 1.47. Twilio Inc. has a fifty-two week low of $41.00 and a fifty-two week high of $110.98. The business’s 50 day moving average price is $57.30 and its 200-day moving average price is $55.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.16 and a current ratio of 6.16.

Twilio (NYSE:TWLO – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.21. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $999.82 million. Twilio had a negative return on equity of 6.91% and a negative net margin of 34.79%. On average, equities research analysts anticipate that Twilio Inc. will post -1.6 earnings per share for the current year.

Twilio Profile

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Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.