Twilio Inc. (NYSE:TWLO) Holdings Trimmed by Sciencast Management LP

Sciencast Management LP reduced its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,092 shares of the technology company's stock after selling 8,258 shares during the quarter. Sciencast Management LP's holdings in Twilio were worth $3,036,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TWLO. Victory Capital Management Inc. increased its holdings in Twilio by 41.8% in the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company's stock valued at $2,537,000 after buying an additional 11,472 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Twilio by 5.3% in the 3rd quarter. CIBC Asset Management Inc now owns 6,421 shares of the technology company's stock valued at $419,000 after acquiring an additional 325 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Twilio in the 3rd quarter valued at approximately $253,000. Caprock Group LLC lifted its stake in Twilio by 152.2% during the third quarter. Caprock Group LLC now owns 11,038 shares of the technology company's stock worth $720,000 after purchasing an additional 6,661 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Twilio in the third quarter worth $280,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TWLO. Royal Bank of Canada reissued an "underperform" rating and set a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 target price on shares of Twilio in a report on Friday, February 14th. UBS Group raised their price target on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Tigress Financial boosted their price objective on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. One equities 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $135.35.

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Twilio Price Performance

TWLO stock traded down $1.64 during trading hours on Wednesday, hitting $104.25. 1,219,276 shares of the stock traded hands, compared to its average volume of 2,615,446. The stock has a 50-day simple moving average of $121.24 and a 200 day simple moving average of $100.05. The company has a market cap of $15.91 billion, a P/E ratio of -162.89, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the 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 completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by insiders.

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.