Sciencast Management LP Buys Shares of 16,246 Twilio Inc. (NYSE:TWLO)

Sciencast Management LP purchased a new stake in Twilio Inc. (NYSE:TWLO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,246 shares of the technology company’s stock, valued at approximately $993,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in shares of Twilio by 35.9% during the fourth quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock worth $217,000 after buying an additional 754 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Twilio during the 4th quarter worth about $478,000. V Square Quantitative Management LLC grew its stake in Twilio by 68.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after buying an additional 792 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Twilio in the 4th quarter valued at about $1,689,000. Finally, Dimensional Fund Advisors LP raised its holdings in Twilio by 18.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock valued at $105,131,000 after acquiring an additional 217,796 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 956 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the transaction, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dana Wagner sold 796 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the transaction, the insider now directly owns 164,374 shares of the company’s stock, valued at approximately $10,140,232.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 956 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the transaction, the chief financial officer now owns 228,506 shares of the company’s stock, valued at approximately $14,096,535.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,967 shares of company stock worth $3,796,221. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TWLO shares. Canaccord Genuity Group reduced their price target on Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Tigress Financial initiated coverage on Twilio in a research report on Friday, June 28th. They issued a “buy” rating and a $75.00 price target on the stock. Piper Sandler dropped their price target on Twilio from $79.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. Finally, Oppenheimer restated an “outperform” rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.38.

Twilio Stock Up 1.5 %

Twilio stock traded up $0.86 during midday trading on Friday, reaching $57.87. The stock had a trading volume of 1,925,564 shares, compared to its average volume of 2,945,841. The company has a fifty day moving average price of $57.74 and a two-hundred day moving average price of $62.44. The company has a market capitalization of $9.91 billion, a P/E ratio of -14.43, a PEG ratio of 9.46 and a beta of 1.35. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities analysts expect that Twilio Inc. will post 0.18 EPS 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.