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

Sciencast Management LP purchased a new position in Twilio Inc. (NYSE:TWLO) in the 1st quarter, Holdings Channel reports. The firm purchased 16,246 shares of the technology company’s stock, valued at approximately $993,000.

Several other hedge funds have also recently modified their holdings of TWLO. Quantbot Technologies LP bought a new position in Twilio during the first quarter valued at approximately $1,374,000. GSA Capital Partners LLP bought a new position in shares of Twilio during the 1st quarter valued at $1,334,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Twilio by 56.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,801 shares of the technology company’s stock worth $844,000 after buying an additional 4,970 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Twilio by 2.1% in the first quarter. Daiwa Securities Group Inc. now owns 19,213 shares of the technology company’s stock worth $1,175,000 after acquiring an additional 400 shares during the period. Finally, BNP Paribas purchased a new stake in Twilio during the first quarter valued at $508,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of TWLO stock traded up $0.86 during mid-day trading on Friday, hitting $57.87. The company had a trading volume of 1,925,564 shares, compared to its average volume of 2,945,841. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The stock’s 50 day moving average price is $57.74 and its 200-day moving average price is $62.44. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a market capitalization of $9.91 billion, a P/E ratio of -14.43, a P/E/G ratio of 9.46 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.03 billion. Equities research analysts forecast that Twilio Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TWLO shares. Canaccord Genuity Group dropped their target price on Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $70.00 to $60.00 in a report on Friday, June 14th. Tigress Financial started coverage on shares of Twilio in a research note on Friday, June 28th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Piper Sandler reduced their price objective on Twilio from $79.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio has an average rating of “Hold” and a consensus price target of $69.38.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,877 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the transaction, the chief executive officer now directly owns 289,207 shares of the company’s stock, valued at $16,270,785.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Aidan Viggiano sold 6,586 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $370,528.36. Following the completion of the sale, the chief financial officer now directly owns 188,462 shares of the company’s stock, valued at approximately $10,602,872.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,877 shares of Twilio stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the transaction, the chief executive officer now owns 289,207 shares of the company’s stock, valued at approximately $16,270,785.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,967 shares of company stock worth $3,796,221. Corporate insiders own 4.50% of the company’s stock.

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.