10,485 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new stake in Twilio Inc. (NYSE:TWLO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 10,485 shares of the technology company’s stock, valued at approximately $596,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kodai Capital Management LP acquired a new position in shares of Twilio in the fourth quarter valued at approximately $82,558,000. Contrarius Investment Management Ltd acquired a new position in shares of Twilio in the fourth quarter worth $80,043,000. Panagora Asset Management Inc. increased its position in shares of Twilio by 286.3% during the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after acquiring an additional 531,075 shares during the period. Goldentree Asset Management LP acquired a new stake in shares of Twilio in the first quarter valued at $31,745,000. Finally, Vanguard Group Inc. boosted its holdings in Twilio by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company’s stock valued at $1,351,212,000 after purchasing an additional 241,738 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TWLO has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. Tigress Financial lifted their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.52.

Twilio Trading Down 0.3 %

Shares of Twilio stock opened at $63.03 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The company has a market capitalization of $10.79 billion, a P/E ratio of -15.72, a PEG ratio of 3.43 and a beta of 1.35. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The company’s fifty day moving average is $60.04 and its two-hundred day moving average is $59.44.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.23) earnings per share. Analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current year.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now directly owns 184,570 shares in the company, valued at approximately $11,382,431.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the transaction, the chief executive officer now directly owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the sale, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,030 shares of company stock valued at $2,677,475. Company 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.