Cibc World Markets Corp Sells 2,572 Shares of Twilio Inc. (NYSE:TWLO)

Cibc World Markets Corp trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,904 shares of the technology company's stock after selling 2,572 shares during the quarter. Cibc World Markets Corp's holdings in Twilio were worth $746,000 as of its most recent filing with the SEC.

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

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Twilio Stock Performance

NYSE:TWLO traded down $1.64 during trading on Wednesday, reaching $104.25. The company's stock had a trading volume of 1,218,370 shares, compared to its average volume of 2,615,430. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of -162.89, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm has a 50 day moving average of $121.24 and a 200-day moving average of $100.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Research analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their target price on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Jefferies Financial Group raised their price objective on shares of Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a report on Friday, February 14th. StockNews.com cut shares of Twilio from a "buy" rating to a "hold" rating in a research note on Monday. William Blair reaffirmed an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Finally, Piper Sandler restated an "overweight" rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company's stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 in the last three months. Company insiders own 4.50% of the company's stock.

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.