Goodman Advisory Group LLC Purchases New Stake in Twilio Inc. (NYSE:TWLO)

Goodman Advisory Group LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,468 shares of the technology company's stock, valued at approximately $731,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TWLO. Aigen Investment Management LP raised its stake in shares of Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after buying an additional 5,188 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Twilio by 145.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company's stock worth $1,254,000 after acquiring an additional 6,881 shares during the period. Telemark Asset Management LLC bought a new stake in shares of Twilio during the 4th quarter valued at $5,404,000. Verdence Capital Advisors LLC bought a new stake in shares of Twilio during the 4th quarter valued at $501,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Twilio by 198.2% in the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock valued at $791,000 after purchasing an additional 5,368 shares during the period. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

Shares of NYSE TWLO opened at $122.92 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The business has a 50-day moving average of $111.05 and a 200-day moving average of $111.51. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of -585.31, a PEG ratio of 3.82 and a beta of 1.30. Twilio Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.80 earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TWLO. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the company a "hold" rating in a report on Sunday, June 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Twilio in a research note on Friday, May 16th. JMP Securities reissued a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. Piper Sandler boosted their price objective on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Robert W. Baird lowered their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.39.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 now owns 33,488 shares of the company's stock, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,884 shares of company stock worth $4,719,065 over the last quarter. 0.21% of the stock is currently owned by insiders.

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.

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