Kodai Capital Management LP Acquires New Holdings in Twilio Inc. (NYSE:TWLO)

Kodai Capital Management LP purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,088,157 shares of the technology company's stock, valued at approximately $82,558,000. Twilio comprises 1.7% of Kodai Capital Management LP's investment portfolio, making the stock its 16th largest holding. Kodai Capital Management LP owned about 0.60% of Twilio as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of Twilio during the fourth quarter worth approximately $25,000. Truvestments Capital LLC lifted its holdings in Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock worth $26,000 after purchasing an additional 247 shares in the last quarter. Blue Trust Inc. lifted its holdings in Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company's stock worth $46,000 after purchasing an additional 564 shares in the last quarter. Friedenthal Financial purchased a new stake in Twilio during the 4th quarter worth about $46,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Twilio in the 4th quarter valued at about $49,000. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TWLO. TD Cowen decreased their price objective on Twilio from $72.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, March 6th. Robert W. Baird decreased their price target on Twilio from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, May 8th. Wells Fargo & Company cut their price objective on Twilio from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, March 6th. Oppenheimer reissued an "outperform" rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, April 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $69.95.

Insider Activity

In other news, insider Dana Wagner sold 796 shares of the business's stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the completion of the sale, the insider now directly owns 164,374 shares of the company's stock, valued at approximately $10,140,232.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Twilio news, CFO Aidan Viggiano sold 6,633 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.12, for a total value of $412,041.96. Following the transaction, the chief financial officer now owns 234,411 shares in the company, valued at approximately $14,561,611.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 796 shares of the business's stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $49,105.24. Following the completion of the transaction, the insider now owns 164,374 shares in the company, valued at approximately $10,140,232.06. The disclosure for this sale can be found here. Insiders sold 27,692 shares of company stock valued at $1,714,597 in the last ninety days. Company insiders own 4.50% of the company's stock.

Twilio Stock Performance

NYSE:TWLO traded down $0.54 during mid-day trading on Tuesday, reaching $56.73. The stock had a trading volume of 1,701,576 shares, compared to its average volume of 3,092,784. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of -14.15, a PEG ratio of 9.69 and a beta of 1.34. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The business has a 50 day simple moving average of $60.25 and a 200 day simple moving average of $65.00.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. On average, analysts expect that Twilio Inc. will post 0.18 earnings per share for the current fiscal year.

About Twilio

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.