Twilio Inc. (NYSE:TWLO) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in Twilio Inc. (NYSE:TWLOGet Rating) by 39.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,220 shares of the technology company’s stock after purchasing an additional 348 shares during the quarter. Quadrant Capital Group LLC’s holdings in Twilio were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. SRS Capital Advisors Inc. grew its position in shares of Twilio by 12.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 484 shares of the technology company’s stock valued at $127,000 after purchasing an additional 52 shares during the period. Profund Advisors LLC grew its position in shares of Twilio by 3.8% in the fourth quarter. Profund Advisors LLC now owns 1,647 shares of the technology company’s stock valued at $434,000 after purchasing an additional 60 shares during the period. CSS LLC IL grew its position in shares of Twilio by 1.6% in the fourth quarter. CSS LLC IL now owns 4,900 shares of the technology company’s stock valued at $1,290,000 after purchasing an additional 76 shares during the period. Dakota Wealth Management grew its position in shares of Twilio by 7.5% in the fourth quarter. Dakota Wealth Management now owns 1,107 shares of the technology company’s stock valued at $292,000 after purchasing an additional 77 shares during the period. Finally, Equitable Holdings Inc. grew its position in shares of Twilio by 3.7% in the fourth quarter. Equitable Holdings Inc. now owns 2,463 shares of the technology company’s stock valued at $649,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Twilio Price Performance

Twilio stock opened at $84.92 on Friday. The company’s 50 day simple moving average is $90.94 and its 200-day simple moving average is $129.29. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of -15.64 and a beta of 1.53. Twilio Inc. has a 1 year low of $77.14 and a 1 year high of $382.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.10 and a current ratio of 8.10.

Twilio (NYSE:TWLOGet Rating) last released its quarterly earnings results on Thursday, August 4th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The business had revenue of $943.35 million for the quarter, compared to the consensus estimate of $920.97 million. Twilio had a negative net margin of 30.86% and a negative return on equity of 6.11%. The business’s revenue was up 41.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.94) EPS. As a group, equities research analysts expect that Twilio Inc. will post -3.46 earnings per share for the current year.

Insider Activity

In related news, COO Khozema Shipchandler sold 3,600 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $105.78, for a total transaction of $380,808.00. Following the sale, the chief operating officer now directly owns 96,549 shares of the company’s stock, valued at approximately $10,212,953.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Eyal Manor sold 853 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $83.25, for a total transaction of $71,012.25. Following the sale, the insider now directly owns 161,211 shares of the company’s stock, valued at approximately $13,420,815.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Khozema Shipchandler sold 3,600 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $105.78, for a total transaction of $380,808.00. Following the sale, the chief operating officer now directly owns 96,549 shares in the company, valued at $10,212,953.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,242 shares of company stock valued at $1,374,510. Company insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TWLO shares. Sanford C. Bernstein assumed coverage on shares of Twilio in a research report on Tuesday, July 19th. They issued a “market perform” rating and a $91.00 target price on the stock. Robert W. Baird lowered shares of Twilio from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $155.00 to $120.00 in a research report on Monday, May 16th. Oppenheimer lowered their price target on shares of Twilio from $260.00 to $210.00 in a research report on Friday. Jefferies Financial Group lowered their price target on shares of Twilio from $175.00 to $130.00 in a research report on Monday, May 23rd. Finally, Scotiabank assumed coverage on shares of Twilio in a research report on Wednesday, June 8th. They set an “outperform” rating and a $215.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $177.96.

Twilio Company Profile

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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