Valmark Advisers Inc. Sells 1,275 Shares of Twilio Inc. (NYSE:TWLO)

Valmark Advisers Inc. trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,919 shares of the technology company’s stock after selling 1,275 shares during the quarter. Valmark Advisers Inc.’s holdings in Twilio were worth $1,132,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC raised its stake in shares of Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after acquiring an additional 247 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Twilio by 1,566.7% during the fourth 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 last quarter. Friedenthal Financial bought a new position in Twilio in the fourth quarter worth about $46,000. Fifth Third Bancorp bought a new position in Twilio in the fourth quarter worth about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Twilio in the fourth quarter worth about $57,000. 84.27% of the stock is owned by institutional investors.

Twilio Stock Up 1.5 %

Shares of NYSE:TWLO traded up $0.88 during trading on Friday, reaching $60.89. 1,602,557 shares of the stock traded hands, compared to its average volume of 2,176,785. The stock has a 50-day moving average of $60.11 and a two-hundred day moving average of $64.05. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The stock has a market cap of $11.02 billion, a P/E ratio of -10.99 and a beta of 1.35.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.04 billion. As a group, sell-side analysts expect that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the sale, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the transaction, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TWLO shares. Stifel Nicolaus decreased their price target on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. UBS Group decreased their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Barclays upped their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, TD Cowen cut their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.90.

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.