Allspring Global Investments Holdings LLC Sells 29,432 Shares of Twilio Inc. (NYSE:TWLO)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,230 shares of the technology company’s stock after selling 29,432 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.24% of Twilio worth $40,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TWLO. True Wealth Design LLC lifted its holdings in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. Brooklyn Investment Group bought a new stake in Twilio in the 3rd quarter valued at approximately $46,000. Venturi Wealth Management LLC boosted its position in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank grew its stake in shares of Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp acquired a new stake in shares of Twilio in the third quarter valued at approximately $53,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TWLO has been the subject of several recent research reports. Scotiabank increased their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Needham & Company LLC upped their target price on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Piper Sandler restated an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, Jefferies Financial Group upped their price objective on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.91.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock worth $2,483,695 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Performance

TWLO opened at $125.41 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The business has a fifty day simple moving average of $120.96 and a 200 day simple moving average of $89.74. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a market capitalization of $19.24 billion, a PE ratio of -48.80, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. Research analysts expect that Twilio Inc. will post 0.88 EPS for the current year.

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.