Murchinson Ltd. Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

Murchinson Ltd. boosted its position in Twilio Inc. (NYSE:TWLO) by 30.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,000 shares of the technology company’s stock after purchasing an additional 15,000 shares during the quarter. Twilio comprises about 0.7% of Murchinson Ltd.’s holdings, making the stock its 15th largest position. Murchinson Ltd.’s holdings in Twilio were worth $3,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. Kodai Capital Management LP acquired a new stake in shares of Twilio during the fourth quarter worth $82,558,000. Contrarius Investment Management Ltd acquired a new stake in Twilio in the 4th quarter worth about $80,043,000. Panagora Asset Management Inc. boosted its stake in Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares during the last quarter. Goldentree Asset Management LP purchased a new stake in Twilio in the 1st quarter valued at about $31,745,000. Finally, Vanguard Group Inc. increased its stake in shares of Twilio by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company’s stock valued at $1,351,212,000 after acquiring an additional 241,738 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TWLO has been the subject of several research analyst reports. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Sanford C. Bernstein upped their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Finally, Tigress Financial lifted their price objective on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two 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. According to data from MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus target price of $70.52.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,797 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.33, for a total value of $382,875.01. Following the completion of the sale, the chief financial officer now directly owns 195,048 shares of the company’s stock, valued at $10,987,053.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Aidan Viggiano sold 6,797 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the transaction, the chief financial officer now directly owns 195,048 shares in the company, valued at $10,987,053.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,237 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now 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. Over the last 90 days, insiders have sold 47,030 shares of company stock valued at $2,677,475. Insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO opened at $63.03 on Tuesday. The business has a 50 day moving average price of $60.04 and a two-hundred day moving average price of $59.44. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The firm has a market cap of $10.79 billion, a PE ratio of -15.72, a price-to-earnings-growth ratio of 3.43 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last issued 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. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts expect that Twilio Inc. will post 0.54 earnings per share for the current fiscal 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.