Martingale Asset Management L P Trims Stock Holdings in Twilio Inc. (NYSE:TWLO)

Martingale Asset Management L P lowered its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,725 shares of the technology company's stock after selling 5,848 shares during the quarter. Martingale Asset Management L P's holdings in Twilio were worth $3,861,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. JFS Wealth Advisors LLC boosted its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in Twilio in the 4th quarter valued at about $44,000. Private Trust Co. NA increased its stake in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Twilio during the fourth quarter worth about $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity

In other news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction 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 completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,471 shares of company stock worth $2,344,149. Company insiders own 4.50% of the company's stock.

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Twilio Stock Performance

TWLO stock traded up $1.65 during trading on Tuesday, hitting $88.07. The company had a trading volume of 562,024 shares, compared to its average volume of 2,634,183. The firm has a 50-day moving average price of $108.62 and a 200-day moving average price of $103.16. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $13.44 billion, a PE ratio of -137.61, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.19 billion for 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%. On average, analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Morgan Stanley upgraded shares of Twilio from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $144.00 to $160.00 in a research note on Monday, February 24th. Mizuho reduced their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday. StockNews.com downgraded shares of Twilio from a "buy" rating to a "hold" rating in a research note on Friday. Finally, William Blair reaffirmed an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average target price of $134.26.

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.