Bank of Montreal Can Sells 5,315 Shares of Twilio Inc. (NYSE:TWLO)

Bank of Montreal Can lessened its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 37.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,027 shares of the technology company's stock after selling 5,315 shares during the quarter. Bank of Montreal Can's holdings in Twilio were worth $976,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TWLO. M&T Bank Corp raised its position in Twilio by 1.0% in the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after purchasing an additional 94 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after buying an additional 104 shares during the last quarter. Tidal Investments LLC grew its position in 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 buying an additional 112 shares during the period. Finally, Freestone Capital Holdings LLC grew its stake in shares of Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after acquiring an additional 124 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on TWLO shares. Monness Crespi & Hardt raised their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group lifted their price objective on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Needham & Company LLC raised their target price on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. StockNews.com lowered Twilio from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Finally, JMP Securities restated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $129.30.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. The trade was a 0.90 % 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 link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock valued at $2,344,149. Corporate insiders own 4.50% of the company's stock.

Twilio Trading Up 6.3 %

TWLO traded up $5.48 during trading on Thursday, hitting $92.61. 798,852 shares of the company's stock were exchanged, compared to its average volume of 2,631,065. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The stock has a 50 day moving average price of $100.60 and a 200 day moving average price of $103.58. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $14.13 billion, a P/E ratio of -144.80, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts expect 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.