Hussman Strategic Advisors Inc. Makes New $1.03 Million Investment in Twilio Inc. (NYSE:TWLO)

Hussman Strategic Advisors Inc. bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,500 shares of the technology company's stock, valued at approximately $1,028,000.

A number of other hedge funds have also modified their holdings of TWLO. LRI Investments LLC bought a new position in Twilio in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. bought a new position in shares of Twilio in the 1st quarter worth $28,000. Cloud Capital Management LLC bought a new position in shares of Twilio in the 1st quarter worth $34,000. UMB Bank n.a. bought a new position in shares of Twilio in the 1st quarter worth $37,000. Finally, CX Institutional bought a new position in shares of Twilio in the 1st quarter worth $39,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TWLO. Robert W. Baird reduced their target price on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $77.00 to $99.00 in a report on Monday, May 5th. KeyCorp began coverage on Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target on the stock. JMP Securities restated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Finally, Tigress Financial restated a "buy" rating and issued a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.22.

Twilio Price Performance

Shares of NYSE:TWLO traded up $4.72 during trading on Friday, hitting $131.13. 3,348,985 shares of the company were exchanged, compared to its average volume of 2,684,084. The business's 50 day moving average is $118.52 and its 200-day moving average is $112.69. The company has a market capitalization of $20.02 billion, a P/E ratio of -624.43, a price-to-earnings-growth ratio of 4.07 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $56.16 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 8,297 shares of Twilio 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 sale, the chief financial officer owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. The trade was a 5.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of Twilio stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the sale, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. This trade represents a 7.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,888 shares of company stock valued at $6,753,409. 0.21% of the stock is owned by corporate insiders.

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.