Assenagon Asset Management S.A. Buys 17,602 Shares of Twilio Inc. (NYSE:TWLO)

Assenagon Asset Management S.A. increased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 197.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,520 shares of the technology company's stock after buying an additional 17,602 shares during the period. Assenagon Asset Management S.A.'s holdings in Twilio were worth $1,507,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TWLO. Strs Ohio bought a new position in Twilio in the fourth quarter worth about $1,035,000. Mackenzie Financial Corp increased its stake in shares of Twilio by 20.3% during the fourth quarter. Mackenzie Financial Corp now owns 9,635 shares of the technology company's stock valued at $731,000 after purchasing an additional 1,624 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Twilio by 2.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,813 shares of the technology company's stock valued at $1,428,000 after purchasing an additional 400 shares in the last quarter. abrdn plc increased its stake in shares of Twilio by 20.5% during the fourth quarter. abrdn plc now owns 256,676 shares of the technology company's stock valued at $19,474,000 after purchasing an additional 43,724 shares in the last quarter. Finally, Carret Asset Management LLC bought a new position in shares of Twilio during the fourth quarter valued at approximately $233,000. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Twilio from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Friday, August 2nd. Macquarie decreased their target price on shares of Twilio from $69.00 to $63.00 and set a "neutral" rating for the company in a research note on Wednesday, May 8th. Piper Sandler reaffirmed an "overweight" rating and set a $83.00 target price (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Barclays decreased their target price on shares of Twilio from $70.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Twilio from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Twilio has an average rating of "Hold" and a consensus price target of $69.95.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 24,657 shares of Twilio stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the transaction, the chief executive officer now owns 311,325 shares in the company, valued at approximately $17,745,525. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Dana Wagner sold 591 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the sale, the insider now directly owns 156,737 shares in the company, valued at approximately $9,540,581.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 24,657 shares of the firm's stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the sale, the chief executive officer now owns 311,325 shares in the company, valued at $17,745,525. The disclosure for this sale can be found here. Insiders have sold 71,687 shares of company stock worth $4,082,924 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

TWLO stock traded down $0.36 on Thursday, hitting $58.89. The company had a trading volume of 1,928,419 shares, compared to its average volume of 2,845,884. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock's 50-day simple moving average is $57.84 and its 200 day simple moving average is $59.75. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of -14.69, a P/E/G ratio of 4.18 and a beta of 1.35.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) EPS. As a group, equities research analysts expect that Twilio Inc. will post 0.45 earnings per share 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.