Neo Ivy Capital Management Invests $2.54 Million in Twilio Inc. (NYSE:TWLO)

Neo Ivy Capital Management bought a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 44,712 shares of the technology company's stock, valued at approximately $2,540,000.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC grew its stake in Twilio by 2.3% in the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company's stock valued at $446,000 after acquiring an additional 166 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company's stock valued at $102,000 after buying an additional 167 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Twilio by 1.8% in the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company's stock valued at $775,000 after purchasing an additional 185 shares during the period. Fifth Third Bancorp grew its holdings in Twilio by 29.0% during the first quarter. Fifth Third Bancorp now owns 841 shares of the technology company's stock worth $51,000 after purchasing an additional 189 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its position in Twilio by 15.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company's stock worth $112,000 after buying an additional 192 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TWLO. Needham & Company LLC reissued a "buy" rating and issued a $71.00 price objective on shares of Twilio in a research report on Monday, May 20th. Robert W. Baird reduced their target price on shares of Twilio from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, May 8th. Tigress Financial assumed coverage on shares of Twilio in a report on Friday, June 28th. They set a "buy" rating and a $75.00 target price on the stock. Wells Fargo & Company boosted their price target on Twilio from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Friday, August 2nd. Finally, Morgan Stanley cut Twilio from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $70.00 to $60.00 in a report on Friday, June 14th. Two 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 stock has a consensus rating of "Hold" and a consensus price target of $69.95.

Twilio Stock Performance

TWLO traded down $1.29 during midday trading on Tuesday, hitting $60.59. 2,050,626 shares of the company were exchanged, compared to its average volume of 2,576,016. The firm's 50 day moving average price is $57.67 and its 200-day moving average price is $59.83. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that Twilio Inc. will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 6,797 shares of the business's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the completion of the sale, the chief financial officer now owns 195,048 shares in the company, valued at $10,987,053.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Twilio news, insider Dana Wagner sold 4,237 shares of the firm's stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the transaction, the insider now directly owns 160,137 shares in the company, valued at approximately $9,012,510.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 6,797 shares of the business's stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the transaction, the chief financial officer now owns 195,048 shares in the company, valued at $10,987,053.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,165 shares of company stock worth $3,927,865. Company insiders own 4.50% of the company's stock.

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.