Twilio Inc (TWLO) Holdings Lessened by Archon Capital Management LLC

Archon Capital Management LLC lessened its stake in shares of Twilio Inc (NYSE:TWLO) by 78.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,710 shares of the technology company’s stock after selling 132,578 shares during the quarter. Twilio makes up approximately 0.1% of Archon Capital Management LLC’s holdings, making the stock its 19th largest holding. Archon Capital Management LLC’s holdings in Twilio were worth $1,363,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TWLO. Delpha Capital Management LLC purchased a new stake in Twilio during the 4th quarter worth about $101,000. SeaCrest Wealth Management LLC purchased a new stake in Twilio in the 4th quarter valued at about $123,000. Public Employees Retirement Association of Colorado purchased a new stake in Twilio in the 4th quarter valued at about $159,000. Pinnacle Associates Ltd. purchased a new stake in Twilio in the 4th quarter valued at about $210,000. Finally, Prudential Financial Inc. purchased a new stake in Twilio in the 1st quarter valued at about $228,000. Hedge funds and other institutional investors own 62.16% of the company’s stock.

In related news, COO George Hu sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $60.02, for a total transaction of $600,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Karyn Smith sold 938 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $39.36, for a total value of $36,919.68. The disclosure for this sale can be found here. Insiders have sold a total of 60,167 shares of company stock worth $3,031,928 over the last three months. 19.80% of the stock is currently owned by corporate insiders.



Several research firms have commented on TWLO. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a report on Monday, May 14th. JMP Securities lifted their price target on Twilio from $39.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Canaccord Genuity lifted their price target on Twilio from $38.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Oppenheimer lifted their price target on Twilio from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Finally, ValuEngine upgraded Twilio from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.90.

Shares of NYSE TWLO traded down $0.56 during midday trading on Thursday, hitting $59.00. The stock had a trading volume of 2,273,399 shares, compared to its average volume of 2,199,933. The firm has a market capitalization of $5.57 billion, a P/E ratio of -75.64 and a beta of -0.27. Twilio Inc has a 1-year low of $23.25 and a 1-year high of $60.35.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $129.12 million for 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%. Twilio’s revenue for the quarter was up 47.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. equities analysts expect that Twilio Inc will post -0.8 earnings per share for the current fiscal year.

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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