Exos TFP Holdings LLC Acquires 1,499 Shares of Twilio Inc. (NYSE:TWLO)

Exos TFP Holdings LLC lifted its holdings in Twilio Inc. (NYSE:TWLO – Get Rating) by 48.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,583 shares of the technology company’s stock after purchasing an additional 1,499 shares during the period. Exos TFP Holdings LLC’s holdings in Twilio were worth $224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TWLO. Acadian Asset Management LLC grew its position in Twilio by 39.9% during the first quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock worth $192,000 after buying an additional 336 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Twilio during the first quarter worth about $894,000. Panagora Asset Management Inc. grew its position in Twilio by 29.1% during the first quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock worth $459,000 after buying an additional 629 shares in the last quarter. Synovus Financial Corp grew its position in Twilio by 57.9% during the first quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock worth $817,000 after buying an additional 1,818 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Twilio by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock worth $43,765,000 after buying an additional 48,552 shares in the last quarter. 78.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TWLO. The Goldman Sachs Group downgraded Twilio from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $53.00 in a research report on Thursday, May 11th. Cowen lifted their target price on Twilio from $65.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, February 16th. Canaccord Genuity Group lifted their price objective on Twilio from $88.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Piper Sandler decreased their price objective on Twilio from $83.00 to $56.00 in a report on Wednesday, May 10th. Finally, Oppenheimer decreased their price objective on Twilio from $85.00 to $75.00 in a report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $79.11.

Twilio Trading Up 0.4 %

TWLO stock opened at $59.30 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.16 and a current ratio of 6.16. The company has a 50 day moving average price of $56.97 and a 200 day moving average price of $55.98. Twilio Inc. has a fifty-two week low of $41.00 and a fifty-two week high of $110.98.

Twilio (NYSE:TWLO – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.21. Twilio had a negative net margin of 34.79% and a negative return on equity of 6.91%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $999.82 million. Equities research analysts anticipate that Twilio Inc. will post -1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 3,881 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $63.78, for a total value of $247,530.18. Following the completion of the transaction, the insider now owns 158,990 shares in the company, valued at approximately $10,140,382.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Twilio news, insider Dana Wagner sold 3,881 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $63.78, for a total transaction of $247,530.18. Following the completion of the sale, the insider now owns 158,990 shares in the company, valued at approximately $10,140,382.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,172 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $45.44, for a total transaction of $53,255.68. Following the sale, the chief financial officer now owns 212,897 shares of the company’s stock, valued at approximately $9,674,039.68. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock worth $787,689 in the last quarter. Insiders own 4.20% of the company’s stock.

Twilio Company Profile

(Get Rating)

Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.