King Luther Capital Management Corp Sells 36,126 Shares of Twilio Inc. $TWLO

King Luther Capital Management Corp cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 27.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,056 shares of the technology company’s stock after selling 36,126 shares during the period. King Luther Capital Management Corp owned approximately 0.06% of Twilio worth $28,385,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CX Institutional increased its holdings in Twilio by 9.5% in the second quarter. CX Institutional now owns 701 shares of the technology company’s stock valued at $145,000 after purchasing an additional 61 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Twilio by 4.6% in the third quarter. Wedbush Securities Inc. now owns 1,516 shares of the technology company’s stock valued at $443,000 after buying an additional 66 shares during the period. WPG Advisers LLC boosted its holdings in Twilio by 48.0% during the third quarter. WPG Advisers LLC now owns 222 shares of the technology company’s stock worth $65,000 after buying an additional 72 shares during the last quarter. Affinity Capital Advisors LLC boosted its holdings in Twilio by 2.6% during the second quarter. Affinity Capital Advisors LLC now owns 2,869 shares of the technology company’s stock worth $600,000 after buying an additional 74 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in Twilio by 2.1% during the second quarter. Wedmont Private Capital now owns 3,691 shares of the technology company’s stock worth $792,000 after buying an additional 75 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 9,084 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the sale, the chief financial officer owned 99,246 shares of the company’s stock, valued at $29,242,833.90. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of Twilio stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $291.03, for a total value of $4,203,055.26. Following the transaction, the chief executive officer owned 178,863 shares in the company, valued at $52,054,498.89. This trade represents a 7.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 38,818 shares of company stock worth $11,293,645. 0.21% of the stock is currently owned by insiders.

Twilio Stock Performance

Shares of Twilio stock opened at $219.64 on Thursday. The company has a market capitalization of $33.99 billion, a PE ratio of 27.63, a PEG ratio of 4.16 and a beta of 1.49. Twilio Inc. has a 12 month low of $105.00 and a 12 month high of $308.40. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $253.26 and its 200 day simple moving average is $191.61.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, research analysts predict that Twilio Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TWLO shares. Rosenblatt Securities boosted their target price on Twilio from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. UBS Group cut their price target on shares of Twilio from $285.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Morgan Stanley reiterated an “overweight” rating and issued a $261.00 price target (up from $200.00) on shares of Twilio in a research report on Friday, August 7th. HSBC raised shares of Twilio from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $211.00 to $215.00 in a research note on Tuesday, November 3rd. Finally, Citizens Jmp restated a “market outperform” rating and set a $275.00 price objective on shares of Twilio in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $269.48.

Twilio Company Profile

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.