Seaport Global Advisors LLC Sells 6,698 Shares of Twilio Inc. (NYSE:TWLO)

Seaport Global Advisors LLC lessened its position in shares of Twilio Inc. (NYSE:TWLO) by 47.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,564 shares of the technology company’s stock after selling 6,698 shares during the period. Seaport Global Advisors LLC’s holdings in Twilio were worth $430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Twilio by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after acquiring an additional 224,040 shares during the period. Kodai Capital Management LP grew its stake in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after acquiring an additional 761,356 shares in the last quarter. Point72 Asset Management L.P. increased its position in Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares during the period. Finally, Dorsal Capital Management LP increased its position in Twilio by 4.5% during the fourth quarter. Dorsal Capital Management LP now owns 1,150,000 shares of the technology company’s stock worth $87,250,000 after acquiring an additional 50,000 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Sanford C. Bernstein upped their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. raised 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. Finally, Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.52.

Insider Activity

In related news, insider Dana Wagner sold 591 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the sale, the insider now owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Aidan Viggiano sold 6,586 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $370,528.36. Following the completion of the transaction, the chief financial officer now directly owns 188,462 shares in the company, valued at $10,602,872.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 591 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,755 shares of company stock valued at $1,423,386. Insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of TWLO opened at $64.66 on Monday. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market cap of $11.07 billion, a PE ratio of -16.12, a PEG ratio of 3.59 and a beta of 1.35. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The business has a 50-day simple moving average of $60.41 and a two-hundred day simple moving average of $59.48.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

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.