Twilio (TWLO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its position in Twilio (NYSE:TWLO) by 24.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,530 shares of the technology company’s stock after selling 2,457 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Twilio were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salesforce Com Inc. purchased a new position in shares of Twilio in the 4th quarter valued at approximately $20,969,000. Hillman Co. raised its stake in Twilio by 0.7% during the fourth quarter. Hillman Co. now owns 954,242 shares of the technology company’s stock valued at $22,520,000 after buying an additional 6,580 shares during the last quarter. Fox Run Management L.L.C. raised its stake in Twilio by 255.0% during the fourth quarter. Fox Run Management L.L.C. now owns 51,827 shares of the technology company’s stock valued at $1,223,000 after buying an additional 37,227 shares during the last quarter. Firsthand Capital Management Inc. raised its stake in Twilio by 125.0% during the fourth quarter. Firsthand Capital Management Inc. now owns 90,000 shares of the technology company’s stock valued at $2,124,000 after buying an additional 50,000 shares during the last quarter. Finally, Arlington Partners LLC purchased a new position in Twilio during the fourth quarter valued at $437,000. Institutional investors own 60.59% of the company’s stock.

Twilio opened at $53.73 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of -68.88 and a beta of -0.55. Twilio has a 12 month low of $52.60 and a 12 month high of $53.87.

Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, May 8th. The technology company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The business had revenue of $129.12 million during the quarter, compared to analyst estimates of $115.92 million. Twilio had a negative return on equity of 21.88% and a negative net margin of 16.61%. The company’s quarterly revenue was up 47.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS. sell-side analysts expect that Twilio will post -0.8 earnings per share for the current year.

In related news, CFO Lee Kirkpatrick sold 1,618 shares of Twilio stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $50.96, for a total value of $82,453.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO George Hu sold 7,126 shares of Twilio stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $50.96, for a total value of $363,140.96. The disclosure for this sale can be found here. In the last three months, insiders sold 99,361 shares of company stock valued at $3,859,636. Corporate insiders own 25.03% of the company’s stock.

TWLO has been the subject of a number of recent research reports. Robert W. Baird reiterated a “buy” rating on shares of Twilio in a research note on Thursday, March 15th. Bank of America initiated coverage on Twilio in a research note on Thursday, March 1st. They set a “buy” rating and a $45.00 price objective for the company. Vetr upgraded Twilio from a “hold” rating to a “buy” rating and set a $39.36 price objective for the company in a research note on Tuesday, April 10th. Dougherty & Co initiated coverage on Twilio in a research note on Tuesday, April 10th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Monness Crespi & Hardt initiated coverage on Twilio in a research note on Wednesday, April 11th. They set a “buy” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $43.56.

Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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