Western Wealth Management LLC Acquires New Position in Twilio Inc. (NYSE:TWLO)

Western Wealth Management LLC bought a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,456 shares of the technology company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC lifted its stake in shares of Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after acquiring an additional 247 shares during the period. Blue Trust Inc. lifted its stake in shares of Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after acquiring an additional 564 shares during the period. Friedenthal Financial acquired a new stake in shares of Twilio in the 4th quarter worth approximately $46,000. Fifth Third Bancorp acquired a new stake in shares of Twilio in the 4th quarter worth approximately $49,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of Twilio by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 985 shares of the technology company’s stock worth $58,000 after acquiring an additional 306 shares during the period. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TWLO. Northland Securities lowered shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a research note on Thursday, February 15th. The Goldman Sachs Group increased their target price on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Stifel Nicolaus cut their price target on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. HSBC lowered shares of Twilio from a “hold” rating to a “reduce” rating and cut their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Finally, Oppenheimer restated an “outperform” rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.90.

Twilio Price Performance

NYSE TWLO opened at $58.60 on Tuesday. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $60.49 and a 200 day simple moving average of $64.01. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. On average, equities analysts expect that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the transaction, the insider now directly owns 130,456 shares of the company’s stock, valued at approximately $8,208,291.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Aidan Viggiano sold 3,375 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the transaction, the chief financial officer now directly owns 231,036 shares of the company’s stock, valued at approximately $14,044,678.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the sale, the insider now owns 130,456 shares of the company’s stock, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. In the last three months, insiders sold 30,958 shares of company stock valued at $1,910,447. Company insiders own 4.20% of the company’s stock.

About Twilio

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.