Headlands Technologies LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,312 shares of the technology company’s stock, valued at approximately $477,000.
A number of other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Twilio by 19.7% during the fourth quarter. Principal Financial Group Inc. now owns 596,438 shares of the technology company’s stock valued at $84,837,000 after purchasing an additional 98,092 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Twilio during the 2nd quarter worth approximately $1,637,000. National Pension Service lifted its holdings in shares of Twilio by 184.4% in the 4th quarter. National Pension Service now owns 18,545 shares of the technology company’s stock worth $2,638,000 after purchasing an additional 12,025 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Twilio by 67.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 120,582 shares of the technology company’s stock worth $24,880,000 after purchasing an additional 48,742 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Twilio in the 4th quarter worth approximately $895,000. Institutional investors own 84.27% of the company’s stock.
Twilio Trading Down 0.9%
Shares of NYSE:TWLO opened at $226.62 on Thursday. The company has a 50 day moving average of $214.13 and a 200-day moving average of $176.37. The firm has a market cap of $34.80 billion, a P/E ratio of 31.56, a P/E/G ratio of 4.74 and a beta of 1.40. Twilio Inc. has a twelve month low of $98.44 and a twelve month high of $258.35. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.11.
Insider Activity at Twilio
In related news, CFO Aidan Viggiano sold 9,093 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $201.25, for a total transaction of $1,829,966.25. Following the completion of the transaction, the chief financial officer owned 118,252 shares of the company’s stock, valued at $23,798,215. This trade represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew Stafman sold 500,000 shares of Twilio stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total value of $123,540,000.00. Following the transaction, the director directly owned 120,000 shares in the company, valued at approximately $29,649,600. The trade was a 80.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 547,354 shares of company stock valued at $133,284,825 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Twilio from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a $240.00 target price on shares of Twilio in a research report on Friday, August 7th. Needham & Company LLC lifted their price target on Twilio from $250.00 to $280.00 and gave the company a “buy” rating in a report on Friday, August 7th. Stifel Nicolaus set a $275.00 price objective on Twilio in a research report on Friday, August 7th. Finally, Monness Crespi & Hardt increased their price target on Twilio from $246.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Twilio presently has an average rating of “Buy” and a consensus price target of $249.68.
Read Our Latest Stock Report on TWLO
Twilio Company Profile
Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.
The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.
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