Twilio Inc. $TWLO Shares Sold by RBF Capital LLC

RBF Capital LLC reduced its position in Twilio Inc. (NYSE:TWLO) by 65.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 8,000 shares of the technology company’s stock after selling 15,000 shares during the period. RBF Capital LLC’s holdings in Twilio were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. Oddo BHF Asset Management Sas grew its holdings in Twilio by 5.4% in the first quarter. Oddo BHF Asset Management Sas now owns 19,987 shares of the technology company’s stock valued at $2,515,000 after purchasing an additional 1,018 shares during the last quarter. Atreides Management LP boosted its position in shares of Twilio by 28.5% in the 1st quarter. Atreides Management LP now owns 921,602 shares of the technology company’s stock worth $115,956,000 after buying an additional 204,656 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Twilio by 30.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,405 shares of the technology company’s stock worth $177,000 after buying an additional 324 shares in the last quarter. Readystate Asset Management LP grew its stake in Twilio by 26.5% in the 1st quarter. Readystate Asset Management LP now owns 39,883 shares of the technology company’s stock valued at $5,018,000 after acquiring an additional 8,356 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Twilio by 10.8% during the 1st quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company’s stock valued at $410,330,000 after acquiring an additional 316,858 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Twilio

In related news, Director Andrew Stafman sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $184.14, for a total value of $184,140,000.00. Following the sale, the director directly owned 620,000 shares of the company’s stock, valued at approximately $114,166,800. This trade represents a 61.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erika Rottenberg sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $199.01, for a total transaction of $398,020.00. Following the completion of the sale, the director owned 30,995 shares of the company’s stock, valued at approximately $6,168,314.95. The trade was a 6.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,803,980 shares of company stock worth $341,898,467. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

TWLO has been the topic of several research reports. TD Cowen increased their price target on shares of Twilio from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, July 17th. KGI Securities initiated coverage on Twilio in a research report on Thursday, July 2nd. They set an “outperform” rating and a $250.00 price objective for the company. Stifel Nicolaus upgraded Twilio from a “hold” rating to a “buy” rating and increased their target price for the company from $175.00 to $260.00 in a report on Thursday, July 9th. Needham & Company LLC boosted their price target on Twilio from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, KeyCorp increased their price objective on Twilio from $156.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $220.59.

Twilio Stock Performance

Twilio stock opened at $188.03 on Thursday. The firm has a market capitalization of $28.54 billion, a P/E ratio of 293.81, a PEG ratio of 3.87 and a beta of 1.36. The stock has a fifty day moving average price of $201.76 and a 200 day moving average price of $158.18. Twilio Inc. has a 52 week low of $91.84 and a 52 week high of $238.48. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.13.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Twilio had a return on equity of 4.64% and a net margin of 1.96%.The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the company earned $1.14 EPS. Equities research analysts anticipate that Twilio Inc. will post 2.79 earnings per share for the current year.

Twilio Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.