Cubist Systematic Strategies LLC reduced its position in Twilio Inc. (NYSE:TWLO) by 21.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,980 shares of the technology company’s stock after selling 1,630 shares during the period. Cubist Systematic Strategies LLC’s holdings in Twilio were worth $174,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Thompson Davis & CO. Inc. raised its holdings in Twilio by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after acquiring an additional 34 shares during the last quarter. IFP Advisors Inc raised its stake in Twilio by 10.0% during the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock valued at $151,000 after buying an additional 469 shares during the last quarter. Pacer Advisors Inc. raised its stake in Twilio by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock valued at $149,000 after buying an additional 555 shares during the last quarter. Marcus Capital LLC raised its stake in Twilio by 1.5% during the 2nd quarter. Marcus Capital LLC now owns 116,700 shares of the technology company’s stock valued at $3,397,000 after buying an additional 1,700 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Twilio by 22.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock valued at $318,000 after buying an additional 2,005 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.
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In related news, Director Richard L. Dalzell sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $31.18, for a total value of $77,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lee Kirkpatrick sold 13,829 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $30.85, for a total transaction of $426,624.65. The disclosure for this sale can be found here. Insiders sold a total of 52,847 shares of company stock valued at $1,645,621 over the last 90 days.
Shares of Twilio Inc. (NYSE:TWLO) opened at $30.24 on Monday.
Twilio (NYSE:TWLO) last posted its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, hitting the consensus estimate of ($0.20). The firm had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. Twilio’s revenue was up 48.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. sell-side analysts forecast that Twilio Inc. will post -0.7 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. BidaskClub lowered shares of Twilio from a “buy” rating to a “hold” rating in a research note on Saturday. JMP Securities reiterated an “outperform” rating and set a $38.00 target price on shares of Twilio in a research note on Thursday, September 28th. Robert W. Baird boosted their target price on shares of Twilio from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Twilio in a research note on Wednesday, September 27th. Finally, Argus reiterated a “hold” rating on shares of Twilio in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.91.
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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