Glynn Capital Management LLC grew its position in Twilio Inc (NYSE:TWLO) by 4.5% in the third quarter, HoldingsChannel.com reports. The fund owned 147,255 shares of the technology company’s stock after buying an additional 6,281 shares during the quarter. Twilio comprises 3.0% of Glynn Capital Management LLC’s portfolio, making the stock its 17th biggest position. Glynn Capital Management LLC’s holdings in Twilio were worth $16,192,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of TWLO. Price T Rowe Associates Inc. MD raised its stake in shares of Twilio by 123.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,191,487 shares of the technology company’s stock valued at $707,859,000 after acquiring an additional 2,869,996 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Twilio by 264.4% in the second quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock valued at $474,865,000 after acquiring an additional 2,526,830 shares during the last quarter. Morgan Stanley raised its stake in shares of Twilio by 26.6% in the second quarter. Morgan Stanley now owns 8,268,134 shares of the technology company’s stock valued at $1,127,360,000 after acquiring an additional 1,736,102 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Twilio by 20.0% in the second quarter. Vanguard Group Inc. now owns 10,068,328 shares of the technology company’s stock valued at $1,372,817,000 after acquiring an additional 1,675,494 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of Twilio in the second quarter valued at approximately $107,353,000. Institutional investors own 74.81% of the company’s stock.
In other news, COO George Hu sold 7,670 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $123.88, for a total value of $950,159.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Karyn Smith sold 1,954 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $123.88, for a total transaction of $242,061.52. The disclosure for this sale can be found here. Insiders have sold a total of 168,830 shares of company stock valued at $19,561,905 in the last quarter. Corporate insiders own 10.85% of the company’s stock.
A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Twilio from a “buy” rating to a “strong-buy” rating in a research note on Friday. Monness Crespi & Hardt cut shares of Twilio from a “buy” rating to a “neutral” rating in a research note on Thursday, October 31st. KeyCorp lifted their target price on shares of Twilio from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Canaccord Genuity dropped their price objective on shares of Twilio from $155.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Northland Securities dropped their price objective on shares of Twilio from $151.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Twilio currently has an average rating of “Buy” and an average price target of $137.00.
Shares of Twilio stock traded up $2.17 on Friday, hitting $93.23. 2,919,295 shares of the company’s stock traded hands, compared to its average volume of 4,140,348. The firm’s 50-day moving average price is $106.77 and its two-hundred day moving average price is $127.25. The stock has a market capitalization of $12.41 billion, a PE ratio of -116.54 and a beta of 1.14. Twilio Inc has a one year low of $71.56 and a one year high of $151.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.57 and a quick ratio of 9.57.
Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $295.00 million during the quarter, compared to analysts’ expectations of $287.96 million. Twilio had a negative net margin of 26.20% and a negative return on equity of 6.02%. The business’s revenue for the quarter was up 74.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. On average, analysts forecast that Twilio Inc will post -1.5 earnings per share for the current fiscal year.
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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