Atria Wealth Solutions Inc. Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

Atria Wealth Solutions Inc. increased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 41.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,243 shares of the technology company’s stock after buying an additional 2,128 shares during the period. Atria Wealth Solutions Inc.’s holdings in Twilio were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Synovus Financial Corp boosted its stake in shares of Twilio by 6.9% in the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock worth $279,000 after acquiring an additional 306 shares during the last quarter. Pearl River Capital LLC grew its holdings in shares of Twilio by 363.2% during the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after buying an additional 24,026 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Twilio by 10.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock valued at $69,372,000 after buying an additional 113,042 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Twilio in the third quarter worth about $4,738,000. Finally, New York Life Investment Management LLC boosted its position in Twilio by 70.9% during the third quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock worth $1,295,000 after acquiring an additional 9,180 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 over the last three months. 4.20% of the stock is currently owned by company insiders.

Twilio Stock Up 0.6 %

Twilio stock opened at $61.89 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The stock’s fifty day moving average is $60.50 and its two-hundred day moving average is $64.25. Twilio Inc. has a 1-year low of $45.02 and a 1-year high of $78.16.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. On average, equities research analysts anticipate that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their target price on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Barclays upped their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. UBS Group decreased their target price on Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company dropped their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.90.

Twilio 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.