Scalar Gauge Management LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Scalar Gauge Management LLC purchased a new stake in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Alliancebernstein L.P. grew its stake in shares of Twilio by 1.8% in the fourth quarter. Alliancebernstein L.P. now owns 137,427 shares of the technology company’s stock worth $14,853,000 after acquiring an additional 2,474 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Twilio in the 4th quarter worth $764,000. AIA Group Ltd bought a new position in shares of Twilio during the 4th quarter worth about $435,000. Wellington Management Group LLP raised its position in shares of Twilio by 13.0% during the fourth quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company’s stock valued at $642,000 after buying an additional 685 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Twilio by 568.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 42,913 shares of the technology company’s stock valued at $4,638,000 after buying an additional 36,489 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Down 2.9 %

TWLO stock opened at $98.86 on Monday. The business has a fifty day moving average of $120.55 and a 200-day moving average of $100.97. The company has a market cap of $15.09 billion, a P/E ratio of -154.47, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last posted its quarterly 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). The company 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%. As a group, equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock worth $2,441,324 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on TWLO. Monness Crespi & Hardt upped their price target on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Royal Bank of Canada reiterated an “underperform” rating and set a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. Morgan Stanley upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company lifted their target price on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and an average target price of $135.35.

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.