Bridgefront Capital LLC Sells 732 Shares of Twilio Inc. (NYSE:TWLO)

Bridgefront Capital LLC lessened its stake in shares of Twilio Inc. (NYSE:TWLO) by 38.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,163 shares of the technology company’s stock after selling 732 shares during the period. Bridgefront Capital LLC’s holdings in Twilio were worth $458,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. Fifth Third Bancorp raised its holdings in Twilio by 154.4% during the first quarter. Fifth Third Bancorp now owns 1,758 shares of the technology company’s stock worth $599,000 after acquiring an additional 1,067 shares in the last quarter. The PNC Financial Services Group Inc. increased its position in Twilio by 6.1% during the first quarter. The PNC Financial Services Group Inc. now owns 21,701 shares of the technology company’s stock worth $7,396,000 after buying an additional 1,245 shares during the last quarter. D.A. Davidson & CO. increased its position in Twilio by 49.6% during the first quarter. D.A. Davidson & CO. now owns 1,854 shares of the technology company’s stock worth $632,000 after buying an additional 615 shares during the last quarter. Advisors Asset Management Inc. increased its position in Twilio by 7.9% during the first quarter. Advisors Asset Management Inc. now owns 7,929 shares of the technology company’s stock worth $2,702,000 after buying an additional 580 shares during the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in Twilio during the first quarter worth approximately $51,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Shares of TWLO opened at $343.21 on Friday. Twilio Inc. has a 52 week low of $234.03 and a 52 week high of $457.30. The stock has a market capitalization of $60.80 billion, a price-to-earnings ratio of -76.78 and a beta of 1.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 10.93 and a current ratio of 10.93. The stock has a fifty day moving average of $362.76 and a 200-day moving average of $356.14.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, July 29th. The technology company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. The company had revenue of $668.93 million during the quarter, compared to analysts’ expectations of $597.74 million. Twilio had a negative return on equity of 5.92% and a negative net margin of 32.40%. As a group, equities analysts forecast that Twilio Inc. will post -2.85 EPS for the current year.

A number of equities analysts have weighed in on the company. Wolfe Research boosted their price target on Twilio from $440.00 to $480.00 and gave the stock an “outperform” rating in a research report on Monday, July 12th. KeyCorp upped their target price on Twilio from $424.00 to $445.00 and gave the company an “overweight” rating in a research report on Thursday, July 29th. Mizuho upped their target price on Twilio from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Robert W. Baird upped their target price on Twilio from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. Finally, Jefferies Financial Group upped their target price on Twilio from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, July 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, Twilio currently has a consensus rating of “Buy” and a consensus price target of $453.96.

In other Twilio news, CEO Jeff Lawson sold 49,500 shares of the stock in a transaction dated Wednesday, July 21st. The stock was sold at an average price of $387.74, for a total transaction of $19,193,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Karyn Smith sold 1,075 shares of the stock in a transaction dated Monday, August 16th. The stock was sold at an average price of $357.71, for a total value of $384,538.25. The disclosure for this sale can be found here. Insiders sold 155,016 shares of company stock valued at $58,119,830 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

Twilio Profile

Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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