Counterpoint Mutual Funds LLC Invests $1.87 Million in Twilio Inc. (NYSE:TWLO)

Counterpoint Mutual Funds LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,252 shares of the technology company's stock, valued at approximately $1,865,000. Twilio comprises approximately 0.2% of Counterpoint Mutual Funds LLC's holdings, making the stock its 14th largest position.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after acquiring an additional 416 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust raised its stake in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Twilio in the fourth quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new stake in Twilio during the third quarter valued at $46,000. Institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company's stock.

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Analysts Set New Price Targets

TWLO has been the topic of several research analyst reports. Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Needham & Company LLC boosted their target price on shares of Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reiterated an "underperform" rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Twilio Stock Performance

Shares of Twilio stock traded up $1.65 during trading hours on Friday, hitting $103.44. 2,330,031 shares of the company's stock traded hands, compared to its average volume of 2,626,127. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a fifty day simple moving average of $121.41 and a 200-day simple moving average of $98.58.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Twilio 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.