Scalar Gauge Management LLC Purchases Shares of 34,000 Twilio Inc. (NYSE:TWLO)

Scalar Gauge Management LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,000 shares of the technology company’s stock, valued at approximately $3,675,000. Twilio comprises 1.7% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC grew its position in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Twilio in the fourth quarter valued at about $44,000. Finally, Private Trust Co. NA increased its position in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares during the period. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock valued at $2,441,324 in the last three months. Insiders own 4.50% of the company’s stock.

Twilio Stock Performance

NYSE:TWLO opened at $98.86 on Monday. The stock’s 50-day moving average is $120.55 and its 200-day moving average is $100.97. The stock has a market cap of $15.09 billion, a P/E ratio of -154.47, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $144.00 to $160.00 in a research note on Monday, February 24th. Piper Sandler reiterated an “overweight” rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Oppenheimer raised their price target on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Tigress Financial upped their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Company 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.