Crossmark Global Holdings Inc. Makes New $1.20 Million Investment in Twilio Inc. (NYSE:TWLO)

Crossmark Global Holdings Inc. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,140 shares of the technology company's stock, valued at approximately $1,201,000.

Several other large investors have also added to or reduced their stakes in TWLO. Norges Bank purchased a new stake in shares of Twilio in the fourth quarter worth about $179,739,000. Kodai Capital Management LP purchased a new stake in shares of Twilio in the fourth quarter worth about $82,558,000. Contrarius Investment Management Ltd purchased a new stake in shares of Twilio in the fourth quarter worth about $80,043,000. Panagora Asset Management Inc. boosted its stake in shares of Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company's stock worth $40,707,000 after buying an additional 531,075 shares during the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in shares of Twilio in the first quarter worth about $31,745,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Shares of Twilio stock traded up $0.40 during mid-day trading on Friday, reaching $62.76. 2,753,614 shares of the stock traded hands, compared to its average volume of 2,812,111. The business has a 50-day moving average of $58.79 and a 200 day moving average of $59.39. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The stock has a market capitalization of $10.74 billion, a PE ratio of -15.65, a PEG ratio of 4.15 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the firm earned ($0.23) earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Twilio Inc. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and issued a $71.00 target price on shares of Twilio in a research note on Monday, May 20th. Macquarie lowered their target price on Twilio from $69.00 to $63.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. increased their price target on Twilio from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. 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 report on Friday, August 2nd. Finally, Barclays lowered their price target on Twilio from $70.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Monday, August 5th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $70.52.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $57.00, for a total value of $1,405,449.00. Following the completion of the sale, the chief executive officer now owns 311,325 shares of the company's stock, valued at $17,745,525. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Twilio news, insider Dana Wagner sold 4,237 shares of the firm's stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the completion of the sale, the insider now owns 160,137 shares of the company's stock, valued at $9,012,510.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 24,657 shares of the firm's stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total value of $1,405,449.00. Following the sale, the chief executive officer now directly owns 311,325 shares of the company's stock, valued at approximately $17,745,525. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,687 shares of company stock valued at $4,082,924. 4.50% of the stock is currently owned by insiders.

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.