Corient Private Wealth LLC Sells 2,523 Shares of Twilio Inc. (NYSE:TWLO)

Corient Private Wealth LLC cut its holdings in Twilio Inc. (NYSE:TWLO) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,881 shares of the technology company’s stock after selling 2,523 shares during the period. Corient Private Wealth LLC’s holdings in Twilio were worth $1,933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust increased its stake in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC bought a new position in shares of Twilio in the fourth quarter worth about $44,000. Finally, Brooklyn Investment Group bought a new position in Twilio in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company’s stock.

Twilio Price Performance

NYSE:TWLO opened at $106.40 on Tuesday. The stock has a market capitalization of $16.24 billion, a PE ratio of -166.25, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The stock’s 50-day moving average price is $121.29 and its 200-day moving average price is $99.71. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Needham & Company LLC raised their price objective on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $144.00 to $160.00 in a research report on Monday, February 24th. JMP Securities reissued a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. Tigress Financial increased their target price on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Piper Sandler restated an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.35.

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.