MBB Public Markets I LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

MBB Public Markets I LLC purchased a new stake in Twilio Inc. (NYSE:TWLO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,600 shares of the technology company’s stock, valued at approximately $716,000.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares during the period. Greenwood Capital Associates LLC bought a new position in shares of Twilio in the 4th quarter worth $478,000. V Square Quantitative Management LLC grew its position in Twilio by 68.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after purchasing an additional 792 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in Twilio during the 4th quarter valued at $1,689,000. Finally, Bares Capital Management Inc. raised its holdings in Twilio by 28.6% during the fourth quarter. Bares Capital Management Inc. now owns 428,730 shares of the technology company’s stock worth $32,528,000 after buying an additional 95,258 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In related news, insider Dana Wagner sold 820 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $46,133.20. Following the sale, the insider now owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Twilio news, insider Dana Wagner sold 820 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the sale, the insider now owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,755 shares of company stock worth $1,423,386. 4.50% of the stock is owned by company insiders.

Twilio Stock Down 2.3 %

Twilio stock opened at $63.74 on Wednesday. The firm has a 50 day simple moving average of $60.63 and a 200 day simple moving average of $59.54. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of -15.90, a P/E/G ratio of 3.68 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business earned ($0.23) earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Twilio Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

TWLO has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Sanford C. Bernstein raised their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. Finally, Tigress Financial boosted their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two equities 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 stock. According to data from MarketBeat, Twilio has an average rating of “Hold” and a consensus price target of $70.52.

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.