Scalar Gauge Management LLC Acquires Shares of 34,000 Twilio Inc. (NYSE:TWLO)

Scalar Gauge Management LLC acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 34,000 shares of the technology company's stock, valued at approximately $3,675,000. Twilio accounts for about 1.7% of Scalar Gauge Management LLC's investment portfolio, making the stock its 20th largest holding.

Other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in Twilio by 1.8% during the 4th quarter. Alliancebernstein L.P. now owns 137,427 shares of the technology company's stock worth $14,853,000 after acquiring an additional 2,474 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Twilio in the fourth quarter worth $764,000. AIA Group Ltd bought a new stake in shares of Twilio during the fourth quarter valued at approximately $435,000. Wellington Management Group LLP lifted its position in Twilio by 13.0% in the 4th quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company's stock valued at $642,000 after acquiring an additional 685 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Twilio by 568.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 42,913 shares of the technology company's stock worth $4,638,000 after acquiring an additional 36,489 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several research reports. UBS Group boosted their target price on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

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Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company's stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,857 shares of company stock valued at $4,318,654. 4.50% of the stock is owned by insiders.

Twilio Stock Performance

TWLO traded up $2.54 on Wednesday, reaching $100.71. The stock had a trading volume of 1,697,888 shares, compared to its average volume of 2,621,061. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $15.37 billion, a P/E ratio of -157.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The business's 50-day moving average price is $119.96 and its two-hundred day moving average price is $101.51.

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

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.