Telemark Asset Management LLC Acquires New Holdings in Twilio Inc. (NYSE:TWLO)

Telemark Asset Management LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the technology company's stock, valued at approximately $5,404,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TWLO. FMR LLC increased its holdings in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock worth $600,447,000 after acquiring an additional 77,436 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after acquiring an additional 444,295 shares during the period. Geode Capital Management LLC increased its holdings in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after acquiring an additional 33,824 shares during the period. Bank of New York Mellon Corp grew its position in Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after buying an additional 99,786 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Twilio by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock valued at $56,541,000 after buying an additional 4,061 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Mizuho increased their target price on shares of Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Needham & Company LLC raised their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Piper Sandler reissued an "overweight" rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Barclays raised their price objective on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Monness Crespi & Hardt lifted their price target on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.26.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is currently owned by insiders.

Twilio Price Performance

Shares of Twilio stock traded down $8.16 during trading on Thursday, reaching $94.65. The company's stock had a trading volume of 4,138,972 shares, compared to its average volume of 2,651,838. The stock has a 50-day moving average price of $122.50 and a two-hundred day moving average price of $97.23. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The stock has a market capitalization of $14.45 billion, a P/E ratio of -147.89, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

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