Ieq Capital LLC Raises Position in Twilio Inc. (NYSE:TWLO)

Ieq Capital LLC lifted its stake in Twilio Inc. (NYSE:TWLO) by 34.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,643 shares of the technology company’s stock after purchasing an additional 19,525 shares during the period. Ieq Capital LLC’s holdings in Twilio were worth $4,354,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Twilio in the fourth quarter worth about $25,000. SouthState Corp raised its stake in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Twilio during the 2nd quarter worth approximately $29,000. Westend Capital Management LLC purchased a new position in Twilio during the first quarter valued at approximately $35,000. Finally, GAMMA Investing LLC boosted its position in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the period. 84.27% of the stock is owned by institutional investors.

Twilio Stock Performance

NYSE TWLO opened at $63.25 on Friday. The business’s 50 day moving average price is $59.94 and its 200-day moving average price is $59.40. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The company has a market cap of $10.16 billion, a P/E ratio of -15.77, a P/E/G ratio of 3.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) earnings per share. Sell-side analysts predict that Twilio Inc. will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of analyst reports. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company lifted their target price on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Sanford C. Bernstein lifted their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Twilio has an average rating of “Hold” and an average price target of $70.52.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Dana Wagner sold 591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the transaction, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the sale, the chief executive officer now owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The disclosure for this sale can be found here. Insiders sold a total of 47,030 shares of company stock valued at $2,677,475 over the last 90 days. Insiders own 4.50% of the company’s stock.

Twilio Company 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.