Cunning Capital Partners LP Takes Position in Twilio Inc. (NYSE:TWLO)

Cunning Capital Partners LP acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,580 shares of the technology company's stock, valued at approximately $1,486,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TWLO. Norges Bank purchased a new stake in Twilio during the fourth quarter worth approximately $179,739,000. Kodai Capital Management LP purchased a new stake in Twilio during the fourth quarter worth approximately $82,558,000. Contrarius Investment Management Ltd acquired a new position in Twilio during the fourth quarter worth approximately $80,043,000. Robertson Stephens Wealth Management LLC increased its position in Twilio by 102.2% during the third quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company's stock worth $807,000 after buying an additional 650,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Twilio by 73.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company's stock worth $70,965,000 after buying an additional 515,068 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Twilio stock traded down $0.13 during trading hours on Monday, hitting $57.27. The stock had a trading volume of 2,152,620 shares, compared to its average volume of 3,105,902. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of -14.28, a PEG ratio of 9.69 and a beta of 1.34. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The stock's fifty day moving average is $60.33 and its two-hundred day moving average is $65.05.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. As a group, analysts predict that Twilio Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on TWLO. Needham & Company LLC reaffirmed a "buy" rating and set a $71.00 price target on shares of Twilio in a research report on Monday, May 20th. Robert W. Baird cut their price target on Twilio from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 8th. UBS Group cut their price target on Twilio from $82.00 to $74.00 and set a "buy" rating on the stock in a research report on Wednesday, March 6th. Piper Sandler lifted their price target on Twilio from $78.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 8th. Finally, Sanford C. Bernstein cut their price target on Twilio from $70.00 to $68.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Twilio currently has a consensus rating of "Hold" and an average price target of $69.95.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 956 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $58,975.64. Following the sale, the chief financial officer now owns 228,506 shares of the company's stock, valued at $14,096,535.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares of the company's stock, valued at $20,874,561.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 956 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the sale, the chief financial officer now directly owns 228,506 shares in the company, valued at approximately $14,096,535.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,692 shares of company stock valued at $1,714,597. Insiders own 4.50% of the company's stock.

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.

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