Twilio Inc. (NYSE:TWLO) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its stake in Twilio Inc. (NYSE:TWLO) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,360 shares of the technology company’s stock after selling 7,082 shares during the period. Prudential Financial Inc. owned 0.09% of Twilio worth $15,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans purchased a new stake in shares of Twilio during the third quarter worth approximately $253,000. Cerity Partners LLC increased its stake in Twilio by 41.0% in the 3rd quarter. Cerity Partners LLC now owns 65,168 shares of the technology company’s stock valued at $4,250,000 after buying an additional 18,960 shares during the period. The Manufacturers Life Insurance Company raised its position in Twilio by 151.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock worth $2,820,000 after buying an additional 26,062 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of Twilio in the 3rd quarter worth $448,000. Finally, FMR LLC boosted its holdings in shares of Twilio by 0.8% in the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after acquiring an additional 77,436 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Monness Crespi & Hardt increased their target price on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research note on Monday. Tigress Financial increased their price objective on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, UBS Group raised their target price on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Trading Down 2.3 %

Shares of TWLO stock opened at $101.80 on Friday. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of -159.06, a PEG ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $120.82 and a 200 day moving average price of $100.09. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.