Quarry LP Acquires 3,000 Shares of Twilio Inc. (NYSE:TWLO)

Quarry LP raised its holdings in Twilio Inc. (NYSE:TWLO) by 568.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,528 shares of the technology company’s stock after buying an additional 3,000 shares during the period. Quarry LP’s holdings in Twilio were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TWLO. Northwestern Mutual Wealth Management Co. boosted its stake in Twilio by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock valued at $1,942,000 after purchasing an additional 768 shares during the last quarter. Clearline Capital LP bought a new position in Twilio in the 2nd quarter valued at $636,000. Murchinson Ltd. increased its position in shares of Twilio by 30.0% during the 2nd quarter. Murchinson Ltd. now owns 65,000 shares of the technology company’s stock valued at $3,693,000 after purchasing an additional 15,000 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Twilio by 150.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 50,000 shares of the technology company’s stock worth $2,840,000 after purchasing an additional 30,000 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in shares of Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after buying an additional 31,227 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,586 shares of Twilio stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $370,528.36. Following the completion of the sale, the chief financial officer now directly owns 188,462 shares of the company’s stock, valued at approximately $10,602,872.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 6,586 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $370,528.36. Following the completion of the sale, the chief financial officer now owns 188,462 shares of the company’s stock, valued at $10,602,872.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. The disclosure for this sale can be found here. Insiders have sold 24,755 shares of company stock valued at $1,423,386 in the last quarter. Insiders own 4.50% of the company’s stock.

Twilio Price Performance

NYSE:TWLO opened at $65.22 on Tuesday. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The stock has a fifty day moving average of $60.56 and a 200 day moving average of $59.51. 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 firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of -16.26, a P/E/G ratio of 3.68 and a beta of 1.35.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The company had revenue of $1.08 billion during 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%. Twilio’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. On average, research analysts expect that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TWLO has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price target on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Tigress Financial increased their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Two investment 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.com, the company currently has an average rating of “Hold” and a consensus price target of $70.52.

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.