Assenagon Asset Management S.A. Purchases 188,211 Shares of Twilio Inc. (NYSE:TWLO)

Assenagon Asset Management S.A. boosted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1,418.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,477 shares of the technology company's stock after purchasing an additional 188,211 shares during the period. Assenagon Asset Management S.A. owned about 0.13% of Twilio worth $19,727,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. M&T Bank Corp lifted its stake in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after purchasing an additional 85 shares during the period. Allworth Financial LP lifted its stake in Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock worth $165,000 after purchasing an additional 94 shares during the period. Freestone Capital Holdings LLC raised its stake in shares of Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after acquiring an additional 124 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Twilio by 3.4% in the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after acquiring an additional 135 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Twilio by 6.8% in the fourth 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 last quarter. Institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 14,545 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 280,589 shares in the company, valued at $25,704,758.29. This represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the transaction, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock valued at $4,719,065 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price on shares of Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group lifted their target price on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Piper Sandler lifted their target price on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Royal Bank of Canada reiterated an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research note on Wednesday, March 19th. Finally, Robert W. Baird cut their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.35.

Twilio Trading Down 2.2%

Shares of TWLO stock traded down $2.50 on Friday, hitting $113.31. The stock had a trading volume of 1,976,321 shares, compared to its average volume of 2,665,893. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The firm has a market cap of $17.30 billion, a P/E ratio of -177.04, a PEG ratio of 4.30 and a beta of 1.30. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $104.66 and a two-hundred day moving average price of $110.81.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. As a group, analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.