12,000 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new position in shares of Twilio Inc. (NYSE:TWLO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 12,000 shares of the technology company’s stock, valued at approximately $1,297,000.

Several other large investors also recently added to or reduced their stakes in TWLO. Arrowstreet Capital Limited Partnership increased its stake in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after buying an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of Twilio during the 4th quarter valued at $301,258,000. Norges Bank acquired a new position in shares of Twilio in the fourth quarter worth $222,146,000. Altimeter Capital Management LP purchased a new stake in shares of Twilio during the fourth quarter worth $63,001,000. Finally, Renaissance Technologies LLC acquired a new stake in Twilio during the fourth quarter valued at $62,999,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This trade represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 in the last ninety days. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Mizuho reduced their target price on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Scotiabank boosted their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 2nd. HSBC upgraded shares of Twilio from a “reduce” rating to a “hold” rating and raised their price target for the company from $77.00 to $99.00 in a report on Monday, May 5th. Finally, Barclays upped their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.41.

Twilio Price Performance

NYSE TWLO opened at $114.63 on Wednesday. The stock has a 50-day simple moving average of $95.98 and a 200 day simple moving average of $106.85. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a market capitalization of $17.50 billion, a PE ratio of -179.11, a P/E/G ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current 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.