Clarity Capital Partners LLC Sells 1,009 Shares of Twilio Inc. (NYSE:TWLO)

Clarity Capital Partners LLC decreased its position in Twilio Inc. (NYSE:TWLOFree Report) by 22.2% during the first quarter, HoldingsChannel reports. The firm owned 3,532 shares of the technology company’s stock after selling 1,009 shares during the quarter. Clarity Capital Partners LLC’s holdings in Twilio were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. bought a new stake in Twilio during the 4th quarter valued at approximately $25,000. Activest Wealth Management boosted its position in shares of Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after acquiring an additional 400 shares during the period. Westend Capital Management LLC acquired a new stake in shares of Twilio in the first quarter worth $35,000. Blue Trust Inc. increased its position in Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after acquiring an additional 564 shares during the period. Finally, Friedenthal Financial acquired a new position in Twilio during the 4th quarter valued at $46,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total value of $1,405,449.00. Following the transaction, the chief executive officer now directly owns 311,325 shares in the company, valued at approximately $17,745,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 956 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the completion of the sale, the chief financial officer now owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 24,657 shares of Twilio stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the transaction, the chief executive officer now directly owns 311,325 shares in the company, valued at $17,745,525. The disclosure for this sale can be found here. Insiders have sold 66,967 shares of company stock worth $3,796,221 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Twilio Trading Down 0.6 %

Shares of NYSE TWLO traded down $0.35 during midday trading on Wednesday, hitting $56.04. The stock had a trading volume of 1,701,404 shares, compared to its average volume of 2,962,600. The firm has a market cap of $9.59 billion, a P/E ratio of -13.98, a price-to-earnings-growth ratio of 9.69 and a beta of 1.35. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The company’s 50-day simple moving average is $57.91 and its 200 day simple moving average is $62.61.

Twilio (NYSE:TWLOGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Research analysts anticipate that Twilio Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $71.00 price objective on shares of Twilio in a report on Monday, May 20th. Macquarie lowered their price target on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Oppenheimer reiterated an “outperform” rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. Tigress Financial began coverage on Twilio in a report on Friday, June 28th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Piper Sandler lowered their target price on shares of Twilio from $79.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Twilio has an average rating of “Hold” and an average target price of $69.38.

View Our Latest Research Report on TWLO

About Twilio

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLOFree Report).

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.