26,683 Shares in Twilio Inc. (NYSE:TWLO) Bought by Condor Capital Management

Key Points

• Condor Capital Management acquired a new stake in Twilio Inc. during Q1, purchasing 26,683 shares valued at approximately $2.6 million, as noted in their recent SEC filing.
• Insiders, including CFO Aidan Viggiano and Director Erika Rottenberg, sold a combined total of 55,888 shares worth over $6.7 million in recent months, indicating a significant reduction in their holdings.
• Several research analysts have given Twilio a mix of ratings, with the average being a "Moderate Buy" and a consensus price target of $126.74, following sizable gains in stock performance earlier this year.

Condor Capital Management acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,683 shares of the technology company's stock, valued at approximately $2,613,000.

Other large investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Twilio during the 1st quarter valued at $8,435,000. Townsquare Capital LLC increased its position in shares of Twilio by 49.5% during the 1st quarter. Townsquare Capital LLC now owns 5,058 shares of the technology company's stock valued at $495,000 after purchasing an additional 1,674 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Twilio during the 1st quarter valued at $2,144,000. Founders Financial Alliance LLC purchased a new stake in shares of Twilio during the 1st quarter valued at $203,000. Finally, Forsta AP Fonden increased its position in shares of Twilio by 81.3% during the 1st quarter. Forsta AP Fonden now owns 79,600 shares of the technology company's stock valued at $7,794,000 after purchasing an additional 35,700 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

NYSE TWLO traded up $2.65 during trading hours on Tuesday, hitting $95.09. The company had a trading volume of 6,241,024 shares, compared to its average volume of 3,025,441. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95. The firm has a 50 day simple moving average of $121.39 and a 200 day simple moving average of $114.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 792.48, a PEG ratio of 2.98 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a return on equity of 2.77% and a net margin of 0.43%. The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director directly owned 33,488 shares of the company's stock, valued at $4,019,564.64. The trade was a 10.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer directly owned 147,823 shares in the company, valued at $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,888 shares of company stock worth $6,753,409. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Scotiabank raised their target price on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. Tigress Financial reissued a "buy" rating and issued a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the stock a "hold" rating in a report on Sunday, June 15th. Finally, Piper Sandler lifted their price objective on Twilio from $140.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $126.74.

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.