10,442 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,442 shares of the technology company's stock, valued at approximately $1,022,000.

Several other large investors have also modified their holdings of TWLO. Brighton Jones LLC boosted its holdings in shares of Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after buying an additional 623 shares during the period. Principal Securities Inc. boosted its holdings in shares of Twilio by 133.1% during the 4th quarter. Principal Securities Inc. now owns 1,303 shares of the technology company's stock worth $141,000 after buying an additional 744 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Twilio by 1,124.8% during the 4th quarter. Principal Financial Group Inc. now owns 142,602 shares of the technology company's stock worth $15,412,000 after buying an additional 130,959 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Twilio by 28.0% during the 4th quarter. Sanctuary Advisors LLC now owns 15,834 shares of the technology company's stock worth $1,711,000 after buying an additional 3,463 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Twilio by 141.5% during the 4th quarter. Truist Financial Corp now owns 17,834 shares of the technology company's stock worth $1,927,000 after buying an additional 10,448 shares during the period. 84.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the company a "hold" rating in a report on Sunday, June 15th. Tigress Financial reissued a "buy" rating and issued a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Twilio in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.39.

Twilio Price Performance

Shares of Twilio stock traded up $1.49 during mid-day trading on Friday, reaching $122.92. 2,899,409 shares of the stock were exchanged, compared to its average volume of 2,625,286. The company has a market cap of $18.77 billion, a price-to-earnings ratio of -585.31, a price-to-earnings-growth ratio of 3.82 and a beta of 1.30. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $111.05 and a 200 day simple moving average of $111.51. 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 announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 8,735 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the transaction, the chief financial officer now owns 167,905 shares of the company's stock, valued at approximately $15,381,777.05. This trade represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,884 shares of company stock worth $4,719,065. 0.21% of the stock is currently 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.