Pinnacle Associates Ltd. acquired a new stake in Twilio Inc (NYSE:TWLO) during the fourth quarter, Holdings Channel reports. The firm acquired 8,915 shares of the technology company’s stock, valued at approximately $210,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Republic Investment Management Inc. increased its stake in Twilio by 77.4% in the fourth quarter. First Republic Investment Management Inc. now owns 83,151 shares of the technology company’s stock valued at $1,962,000 after purchasing an additional 36,279 shares during the period. Frontier Investment Mgmt Co. acquired a new position in Twilio in the fourth quarter valued at $1,114,000. Virtu Financial LLC acquired a new position in Twilio in the fourth quarter valued at $871,000. Tower Research Capital LLC TRC increased its stake in shares of Twilio by 71.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,413 shares of the technology company’s stock worth $246,000 after acquiring an additional 4,342 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Twilio by 15.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 37,719 shares of the technology company’s stock worth $890,000 after acquiring an additional 5,031 shares during the period. Institutional investors own 55.39% of the company’s stock.
In other Twilio news, COO George Hu sold 16,180 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $33.38, for a total value of $540,088.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 22,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $30.00, for a total transaction of $675,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,842 shares of company stock worth $3,259,301. 25.03% of the stock is owned by insiders.
Shares of Twilio Inc (NYSE:TWLO) opened at $34.16 on Thursday. The company has a market cap of $3,180.00 and a PE ratio of -48.80. Twilio Inc has a fifty-two week low of $22.80 and a fifty-two week high of $35.45.
Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The firm had revenue of $115.24 million for the quarter, compared to the consensus estimate of $103.51 million. Twilio had a negative net margin of 15.97% and a negative return on equity of 19.65%. analysts anticipate that Twilio Inc will post -0.69 earnings per share for the current fiscal year.
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Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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