National Bank of Canada FI Sells 201,529 Shares of Twilio Inc. (NYSE:TWLO)

National Bank of Canada FI trimmed its position in Twilio Inc. (NYSE:TWLO) by 99.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,351 shares of the technology company’s stock after selling 201,529 shares during the quarter. National Bank of Canada FI’s holdings in Twilio were worth $77,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC increased its stake in Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after purchasing an additional 167 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake 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 purchasing an additional 201 shares in the last quarter. GAMMA Investing LLC lifted its position in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. Finally, Motley Fool Wealth Management LLC grew its stake in shares of Twilio by 0.3% in the 1st quarter. Motley Fool Wealth Management LLC now owns 99,123 shares of the technology company’s stock worth $6,061,000 after buying an additional 275 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the transaction, the chief executive officer now directly owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Twilio news, insider Dana Wagner sold 4,237 shares of the stock in a transaction dated Monday, July 1st. The shares were 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 directly 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 accessible through this link. Also, CEO Khozema Shipchandler sold 11,241 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the sale, the chief executive officer now owns 300,084 shares in the company, valued at $16,891,728.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,030 shares of company stock worth $2,677,475. 4.50% of the stock is currently owned by corporate insiders.

Twilio Trading Up 0.5 %

Shares of NYSE TWLO opened at $59.46 on Friday. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The firm has a market cap of $9.55 billion, a PE ratio of -14.83, a price-to-earnings-growth ratio of 3.37 and a beta of 1.35. The business has a fifty day simple moving average of $59.50 and a two-hundred day simple moving average of $59.35. 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) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share 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 the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted ($0.23) earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on TWLO. Sanford C. Bernstein upped their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Wells Fargo & Company boosted their target price on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Tigress Financial raised their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $70.52.

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.