Generali Investments Management Co LLC Buys Shares of 662 Twilio Inc. (NYSE:TWLO)

Generali Investments Management Co LLC bought a new stake in Twilio Inc. (NYSE:TWLO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 662 shares of the technology company’s stock, valued at approximately $65,000.

A number of other large investors have also made changes to their positions in TWLO. Brighton Jones LLC boosted its stake in shares of Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 623 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Twilio during the fourth quarter valued at $233,000. Stratos Wealth Partners LTD. acquired a new stake in Twilio in the 4th quarter worth about $1,357,000. Choreo LLC boosted its stake in Twilio by 15.4% in the 4th quarter. Choreo LLC now owns 16,447 shares of the technology company’s stock worth $1,786,000 after buying an additional 2,190 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in Twilio in the 4th quarter worth about $230,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Up 0.9%

NYSE:TWLO opened at $121.86 on Friday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The firm has a market capitalization of $18.60 billion, a P/E ratio of -190.41, 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 current ratio of 5.06 and a quick ratio of 5.06. The business has a 50 day simple moving average of $101.65 and a 200 day simple moving average of $110.25.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 14,545 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the sale, the chief executive officer now owns 280,589 shares of the company’s stock, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock valued at $4,719,065 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TWLO. Royal Bank of Canada reissued an “underperform” rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. Wells Fargo & Company cut their price objective on Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen downgraded Twilio from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. Piper Sandler raised their price objective on Twilio from $106.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.35.

About Twilio

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.