Menard Financial Group LLC Makes New $323,000 Investment in Twilio Inc. (NYSE:TWLO)

Key Points

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Menard Financial Group LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,203 shares of the technology company's stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TWLO. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio in the 4th quarter valued at about $301,258,000. Two Sigma Investments LP increased its holdings in shares of Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after purchasing an additional 1,048,619 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of Twilio in the 4th quarter valued at about $111,312,000. Two Sigma Advisers LP increased its holdings in shares of Twilio by 683.0% in the 4th quarter. Two Sigma Advisers LP now owns 935,697 shares of the technology company's stock valued at $101,130,000 after purchasing an additional 816,197 shares during the period. Finally, KBC Group NV increased its holdings in Twilio by 236.3% in the first quarter. KBC Group NV now owns 945,594 shares of the technology company's stock worth $92,583,000 after buying an additional 664,420 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Down 6.1%

Twilio stock traded down $7.86 during trading on Friday, hitting $121.14. 2,801,480 shares of the company were exchanged, compared to its average volume of 2,428,753. The company has a market capitalization of $18.49 billion, a P/E ratio of -576.86, a PEG ratio of 4.01 and a beta of 1.23. 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 business's 50 day moving average is $121.57 and its 200 day moving average is $114.07. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.80 EPS. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Twilio in a research report on Friday, May 16th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. Wells Fargo & Company cut their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Finally, KeyCorp assumed coverage on shares of Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective on the stock. One research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $127.22.

Insider Buying and Selling

In related news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total value of $971,163.85. Following the sale, 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 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. Corporate insiders own 0.21% of the company's stock.

About Twilio

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.