Skip to Content

Twilio Inc. receives a $12.94 million investment from Great West Life Assurance Co. (NYSE:TWLO)

Twilio Inc. receives a $12.94 million investment from Great West Life Assurance Co. (NYSE:TWLO)

According to the most recent 13F filing that the company made with the Securities and Exchange Commission for the third quarter, the Great West Life Assurance Company can increase its holdings in Twilio, Inc. (NYSE: TWLO). The total cost of the transaction for the corporation was close to $12,935,000, and they bought 187,223 shares of stock in the technology company. Great West Life Assurance Company of Canada had a 0.10 percent stake in Twilio at the end of the most recent quarter.

Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold. These investors include pension funds, endowments, and foundations. Wedbush Securities Inc. increased the amount of Twilio stock held by 3.8% over the second quarter. Wedbush Securities Inc. now has a total of 7,993 shares of the technology company stock thanks to the purchase of an additional 293 shares during the period in question. The stock in question is worth a combined total of $670,000. During the second quarter, Asset Management One Company Limited increased the amount of Twilio stock owned by 2.6%. Asset Management One Co. Ltd. now has a total of 72,495 shares of the technology company’s stock after purchasing an additional 1,869 shares during the most recent period. The stock of the company is currently valued at $6,075,000. During the second quarter, Shell Asset Management Company added 10.3% more Twilio stock to its holdings, bringing its stake to 99.9%. Shell Asset Management Co. has acquired ownership of 8,427 shares of the stock of the technology company, which are currently valued at $706,000. During the quarter, an additional 788 shares were purchased, which allowed for the successful completion of this goal. During the second quarter, Park Avenue Securities LLC achieved an 11.6% increase in the proportion of Twilio stock it owned. Park Avenue Securities LLC now has 12,661 shares of the technology company’s stock, which has a market value of $1,061,000, thanks to the purchase of an additional 1,320 shares during the relevant period.

Last but not least, during the second quarter, CAPROCK Group Inc. increased its holdings in Twilio by 89.4 percent. This certainly should not be considered the least important development. During the specified period, Caprock Group Inc. purchased 2,049 shares of stock in the technology company. This brings the total number of shares owned by the company to 4,340, with a value of $364,000 on the market. Because they control 78.68% of the company’s shares, institutional investors can be considered to be in charge of the business.

Additionally, on November 15, Chief Operating Officer Khozema Shipchandler sold 3,289 shares of Twilio stock. The total value of the sold shares was $181,585.69, equivalent to a price of $55.21 per share on average when they were sold. Following the completion of the sale, the chief operating officer will have a direct ownership stake in 76,563 company shares, which will be worth a total of $4,227,043.23 at the current market price. If you click on the link, you will be taken to a filing with the Securities and Exchange Commission, where you can acquire additional information regarding the transaction. According to other news regarding the company, on November 15, 2018, Twilio insider Dana Wagner sold 1,869 shares. This information was disclosed in a press release. The shares were acquired for $103,673.43, with an average price of $55.47 for each share. Following the successful conclusion of the transaction, the corporate insider is now the owner of 76,552 shares, which have a combined value of $4,246,339,44. One can access the legal file containing the disclosure of the transaction by going to the Securities and Exchange Commission (SEC) website.

Additionally, on November 15, Chief Operating Officer Khozema Shipchandler sold 3,289 shares of Twilio stock. The shares were sold for a total amount of $181,585.69, which is equivalent to a price of $55.21 per share and represents the average price of the shares. After the completion of the transaction, the chief operating officer will have a total of 76,563 shares of the company, which have a value of $4,227,043.23. The disclosure about the purchase can be found in this particular location. Business insiders were responsible for the sale of 5,572 shares of company stock at a total price of $305,744 during the three months before the most recent transaction. The ownership of company insiders accounts for 4.96% of the total shares outstanding.

On Thursday morning, the opening price of TWLO stock on the New York Stock Exchange (NYSE) was $53.61. Twilio Inc. reached its all-time high of $233.60 last year, while the company hit its all-time low of $41.00 in the same period. The company’s market capitalization is currently sitting at $9.88 billion, its price-to-earnings ratio is -7.38, and its beta value is 1.35. For the past fifty trading days, the stock price has had a simple moving average of $48.98; for the past two hundred trading days, that figure is $66.67. The debt-to-equity ratio is calculated to be 0.10, the current ratio is calculated to be 5.74, and the quick ratio is also calculated to be 5.74.

On November 3, the most recent quarterly earnings report for Twilio, Inc., traded on the New York Stock Exchange under the symbol TWLO, was made public. The earnings per share for the quarter of the information technology company came in at $1.33, which was in line with the prediction made by the majority, which was also $1.33. The most recent quarter’s actual revenues for the company came in at $983.03 million, which is significantly higher than the amount of $969.17 million that was projected for the period. The company’s return on equity was also negative, coming in at 8.20 percent, and the company’s net margin was negative by 36.17 percent. The projections of those knowledgeable in this sector indicate that Twilio Inc. will report a loss of $3.83 per share in 2018.

Several analysts who focus on equity research have produced written analyses of the stock. These analyses can be found on the website. As a consequence of the findings of a research report released on Friday, November 4, JMP Securities downgraded their “market outperform” rating on Twilio shares, and their price objective on Twilio shares dropped from $175.00 to $110.00 as a direct result of this change. In a research report that was made public on October 19, UBS Group lowered their “buy” rating and price objective on shares of Twilio from $170.00 to $94.00. The report was about the company’s performance. Piper Sandler decreased their price objective on shares of Twilio from $79.00 to $69.00 in a report distributed on Tuesday. The announcement that Credit Suisse Group would begin covering Twilio shares was made public on Friday, September 23, in a report issued by the company. They assigned the business the rating of “neutral” and decided that $800.00 was an acceptable price range to work within. Canaccord Genuity Group lowered their price target on Twilio shares in a research report published on Friday, November 4. The new price target is $88,000, down from $153.00. The final and most significant adjustment was made here. Three analysts are in favor of selling the stock, fourteen are in favor of holding onto the stock, and thirteen are in favor of purchasing the stock. According to Bloomberg, the current general recommendation for Twilio’s stock is “Hold,” The average price objective has been set at $99.36. This information comes from research provided by Thomson Reuters.

Because Twilio Inc. and its affiliates offer a cloud communications platform, programmers in the United States and other countries can now establish, expand, and manage customer involvement within software programs. This ability was previously only available to programmers in the United States. The company’s customer engagement platform enables software developers to add functionality for voice and messaging communications and video and email into their applications. In addition, it offers a collection of application programming interfaces (APIs) that take care of the higher-level communication logic required for almost every type of customer engagement.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *