Plato Investment Management Ltd Has $173,000 Stock Holdings in Twilio Inc. (NYSE:TWLO)

Plato Investment Management Ltd increased its position in shares of Twilio Inc. (NYSE:TWLO) by 1,050.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,829 shares of the technology company’s stock after acquiring an additional 2,583 shares during the period. Plato Investment Management Ltd’s holdings in Twilio were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TWLO. Principal Securities Inc. bought a new position in Twilio in the 4th quarter valued at approximately $25,000. Activest Wealth Management lifted its stake in Twilio by 327.9% in the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Westend Capital Management LLC bought a new position in Twilio in the 1st quarter valued at approximately $35,000. Blue Trust Inc. lifted its stake 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 purchasing an additional 564 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Twilio in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TWLO shares. Oppenheimer reissued an “outperform” rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $71.00 price target on shares of Twilio in a research note on Monday, May 20th. Canaccord Genuity Group dropped their price target on shares of Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Sanford C. Bernstein dropped their price target on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Finally, Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.38.

Twilio Stock Down 4.8 %

NYSE:TWLO traded down $2.84 during trading hours on Thursday, reaching $56.29. The company had a trading volume of 3,396,343 shares, compared to its average volume of 2,873,304. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of -14.75, a P/E/G ratio of 8.24 and a beta of 1.35. The business’s 50-day simple moving average is $57.05 and its two-hundred day simple moving average is $61.04. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. On average, equities analysts expect that Twilio Inc. will post 0.22 earnings per share for the current year.

Twilio Profile

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.