KLP Kapitalforvaltning AS Buys 11,900 Shares of Twilio Inc. (NYSE:TWLO)

KLP Kapitalforvaltning AS lifted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 14.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,500 shares of the technology company's stock after purchasing an additional 11,900 shares during the quarter. KLP Kapitalforvaltning AS owned 0.06% of Twilio worth $9,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its stake in shares of Twilio by 211.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company's stock worth $575,000 after purchasing an additional 3,993 shares during the last quarter. Horizon Financial Services LLC boosted its holdings in shares of Twilio by 9,692.0% during the 1st quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company's stock worth $240,000 after buying an additional 2,423 shares during the period. Alpha Cubed Investments LLC boosted its holdings in shares of Twilio by 53.7% during the 1st quarter. Alpha Cubed Investments LLC now owns 16,866 shares of the technology company's stock worth $1,651,000 after buying an additional 5,896 shares during the period. OneDigital Investment Advisors LLC bought a new stake in Twilio in the 1st quarter valued at about $294,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of Twilio by 198.2% during the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock worth $791,000 after acquiring an additional 5,368 shares during the period. 84.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen cut shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group increased their target price on shares of Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Tigress Financial reissued a "buy" rating and set a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.22.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 13,595 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the completion of the sale, the chief executive officer directly owned 246,986 shares in the company, valued at $28,912,181.16. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock worth $6,753,409 over the last three months. 0.21% of the stock is owned by insiders.

Twilio Stock Performance

Shares of TWLO traded down $0.68 during trading hours on Friday, hitting $130.99. The company's stock had a trading volume of 2,017,268 shares, compared to its average volume of 2,552,000. The company has a market cap of $20.00 billion, a price-to-earnings ratio of -623.78, a PEG ratio of 4.09 and a beta of 1.30. 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 simple moving average of $120.26 and a two-hundred day simple moving average of $113.41. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95.

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

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.