Carret Asset Management LLC Invests $233,000 in Twilio Inc. (NYSE:TWLO)

Carret Asset Management LLC bought a new position in Twilio Inc. (NYSE:TWLO) during the 4th quarter, Holdings Channel reports. The firm bought 3,075 shares of the technology company’s stock, valued at approximately $233,000.

Several other institutional investors have also recently bought and sold shares of the stock. Truvestments Capital LLC boosted its stake in 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 purchasing an additional 247 shares during the period. Blue Trust Inc. raised its holdings in Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after acquiring an additional 564 shares during the period. Friedenthal Financial bought a new position in Twilio in the 4th quarter valued at about $46,000. Fifth Third Bancorp bought a new position in shares of Twilio during the fourth quarter worth approximately $49,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Twilio by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 985 shares of the technology company’s stock worth $58,000 after purchasing an additional 306 shares during the period. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

NYSE TWLO traded down $1.56 during trading hours on Thursday, hitting $59.42. 1,002,153 shares of the company’s stock traded hands, compared to its average volume of 3,231,925. The firm has a market capitalization of $10.76 billion, a P/E ratio of -11.01 and a beta of 1.35. Twilio Inc. has a 52 week low of $45.02 and a 52 week high of $78.16. The business’s fifty day moving average price is $60.08 and its two-hundred day moving average price is $64.01. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Equities research analysts predict that Twilio Inc. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Wednesday, March 6th. Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. Wells Fargo & Company decreased their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Jefferies Financial Group decreased their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Finally, HSBC cut shares of Twilio from a “hold” rating to a “reduce” rating and cut their price target for the stock from $62.00 to $61.00 in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.90.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Aidan Viggiano sold 6,633 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.12, for a total value of $412,041.96. Following the sale, the chief financial officer now directly owns 234,411 shares in the company, valued at approximately $14,561,611.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,958 shares of company stock worth $1,910,447. Corporate 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.