Avalon Capital Management Makes New Investment in Twilio Inc. (NYSE:TWLO)

Avalon Capital Management bought a new stake in shares of Twilio Inc. (NYSE:TWLOFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,472 shares of the technology company’s stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Synovus Financial Corp grew its position in Twilio by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after acquiring an additional 306 shares during the last quarter. Barclays PLC grew its stake in Twilio by 139.5% in the 2nd quarter. Barclays PLC now owns 245,570 shares of the technology company’s stock worth $15,624,000 after acquiring an additional 143,020 shares in the last quarter. Pearl River Capital LLC increased its position in shares of Twilio by 363.2% during the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after acquiring an additional 24,026 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Twilio by 10.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock valued at $69,372,000 after acquiring an additional 113,042 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Twilio in the third quarter valued at approximately $4,738,000. 80.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,581 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the transaction, the chief financial officer now owns 171,820 shares in the company, valued at $12,405,404. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Aidan Viggiano sold 6,581 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the sale, the chief financial officer now directly owns 171,820 shares in the company, valued at $12,405,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 458 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,898 shares of company stock valued at $1,796,874. Corporate insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TWLO. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Thursday, February 15th. Barclays lifted their price objective on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Finally, Jefferies Financial Group cut their price target on Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and an average target price of $68.90.

Read Our Latest Analysis on Twilio

Twilio Stock Up 0.0 %

Twilio stock opened at $61.57 on Friday. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16. The company has a market cap of $11.15 billion, a PE ratio of -11.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The business’s 50-day simple moving average is $65.51 and its two-hundred day simple moving average is $64.08.

Twilio (NYSE:TWLOGet Free Report) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Equities analysts anticipate that Twilio Inc. will post -0.22 EPS for the current year.

Twilio Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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