Allspring Global Investments Holdings LLC Grows Stock Position in Twilio Inc. (NYSE:TWLO)

Allspring Global Investments Holdings LLC boosted its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 50,490.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,662 shares of the technology company's stock after acquiring an additional 398,872 shares during the period. Allspring Global Investments Holdings LLC owned 0.23% of Twilio worth $26,066,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TWLO. Tidal Investments LLC lifted its position in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company's stock valued at $446,000 after buying an additional 166 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Twilio by 3.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company's stock valued at $355,000 after buying an additional 201 shares during the period. Arizona State Retirement System lifted its position in Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company's stock valued at $2,699,000 after buying an additional 205 shares during the period. Royal London Asset Management Ltd. lifted its position in Twilio by 0.4% during the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company's stock valued at $3,413,000 after buying an additional 220 shares during the period. Finally, HHM Wealth Advisors LLC raised its position in shares of Twilio by 43.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company's stock worth $49,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TWLO. JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Tigress Financial lifted their price objective on Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Oppenheimer lifted their price objective on Twilio from $65.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Sanford C. Bernstein lifted their price objective on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $71.00.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the transaction, the insider now directly owns 146,803 shares of the company's stock, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Khozema Shipchandler sold 11,044 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total transaction of $731,002.36. Following the sale, the chief executive officer now directly owns 267,090 shares of the company's stock, valued at $17,678,687.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,512 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now directly owns 146,803 shares in the company, valued at $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,906 shares of company stock valued at $3,388,596. Corporate insiders own 4.50% of the company's stock.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $0.62 during mid-day trading on Thursday, reaching $71.22. 1,971,774 shares of the company traded hands, compared to its average volume of 2,613,562. The company's 50 day moving average price is $63.87 and its 200-day moving average price is $60.47. The firm has a market cap of $12.19 billion, a PE ratio of -17.77, a PEG ratio of 4.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16.

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, topping analysts' consensus estimates 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 company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm earned ($0.23) EPS. The firm's revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that Twilio Inc. will post 0.54 EPS for the current fiscal year.

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.