Neo Ivy Capital Management Takes Position in Twilio Inc. (NYSE:TWLO)

Key Points

• Neo Ivy Capital Management has acquired a new position in Twilio Inc., purchasing 20,104 shares valued at approximately $1.97 million in the first quarter.
• CEO Khozema Shipchandler and CFO Aidan Viggiano both sold shares in early July, indicating a decrease in their ownership stakes in the company.
• Twilio reported a revenue increase of 12% year-over-year for the last quarter, with earnings per share surpassing analysts' expectations at $1.14.

Neo Ivy Capital Management bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,104 shares of the technology company's stock, valued at approximately $1,968,000.

Other large investors have also recently modified their holdings of the company. Woodward Diversified Capital LLC lifted its position in Twilio by 1.5% during the 1st quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company's stock valued at $701,000 after acquiring an additional 103 shares during the period. Tower Research Capital LLC TRC lifted its position in Twilio by 6.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after acquiring an additional 140 shares during the period. Signaturefd LLC lifted its position in Twilio by 4.9% during the 1st quarter. Signaturefd LLC now owns 3,560 shares of the technology company's stock valued at $349,000 after acquiring an additional 167 shares during the period. Pallas Capital Advisors LLC lifted its position in Twilio by 2.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company's stock valued at $645,000 after acquiring an additional 171 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Twilio by 9.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock valued at $202,000 after acquiring an additional 174 shares during the period. Institutional investors own 84.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group lowered their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. Tigress Financial reissued a "buy" rating and set a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. KeyCorp assumed coverage on shares of Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price for the company. Finally, Morgan Stanley decreased their target price 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

Twilio Price Performance

Twilio stock traded down $2.51 during mid-day trading on Tuesday, hitting $129.00. The stock had a trading volume of 943,462 shares, compared to its average volume of 2,858,242. The firm has a market capitalization of $19.69 billion, a P/E ratio of -615.77, a P/E/G ratio of 4.08 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's 50 day moving average is $120.58 and its 200 day moving average is $113.61. Twilio Inc. has a one year low of $56.16 and a one year high of $151.95.

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

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,888 shares of company stock valued at $6,753,409. 4.50% of the stock is currently owned by corporate 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.