2,997 Shares in Twilio Inc. (NYSE:TWLO) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in Twilio Inc. (NYSE:TWLO) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,997 shares of the technology company’s stock, valued at approximately $170,000.

Other hedge funds have also modified their holdings of the company. 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 valued at $28,000 after acquiring an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio in the second quarter valued at approximately $29,000. Westend Capital Management LLC purchased a new stake in shares of Twilio during the first quarter worth approximately $35,000. GAMMA Investing LLC lifted its holdings in shares of Twilio by 70.6% during 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. Finally, Lynx Investment Advisory purchased a new position in Twilio in the 2nd quarter valued at $45,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Dana Wagner sold 4,237 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.28, for a total value of $238,458.36. Following the sale, the insider now directly owns 160,137 shares of the company’s stock, valued at $9,012,510.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction dated Tuesday, August 20th. The stock was 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 of the company’s stock, valued at approximately $11,382,431.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,237 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now directly owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. 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 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TWLO has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Tigress Financial lifted their price objective on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Barclays cut their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.52.

Twilio Stock Up 1.0 %

Shares of NYSE TWLO opened at $64.68 on Friday. The firm has a market cap of $11.07 billion, a P/E ratio of -16.13, a price-to-earnings-growth ratio of 3.59 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 Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The firm’s 50 day moving average price is $60.29 and its 200 day moving average price is $59.50.

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

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.