Telemark Asset Management LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Telemark Asset Management LLC bought a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 50,000 shares of the technology company’s stock, valued at approximately $5,404,000.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC raised its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust grew its stake 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 worth $41,000 after acquiring an additional 166 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of Twilio in the fourth quarter worth approximately $44,000. Finally, Brooklyn Investment Group bought a new stake in shares of Twilio in the third quarter worth approximately $46,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,552 shares of the company’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. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by insiders.

Twilio Stock Performance

TWLO opened at $102.75 on Thursday. The firm has a market cap of $15.76 billion, a P/E ratio of -160.54, a PEG 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 50 day simple moving average of $122.79 and a two-hundred day simple moving average of $97.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

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

Analyst Ratings Changes

TWLO has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Piper Sandler reiterated an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Tigress Financial lifted their price target on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.26.

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.