Twilio Inc. $TWLO Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP reduced its stake in Twilio Inc. by 22.4%, selling 3,875 shares and retaining 13,428 shares valued at approximately $1.315 million.
• Insider sales included CFO Aidan Viggiano, who sold 8,297 shares at about $117.05 per share, marking a 5.31% decrease in his position.
• Twilio reported a 13.5% year-over-year revenue increase, with earnings per share of $1.19, exceeding analyst expectations of $1.02.

Versor Investments LP reduced its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 22.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,428 shares of the technology company's stock after selling 3,875 shares during the quarter. Versor Investments LP's holdings in Twilio were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. Brighton Jones LLC grew its position in Twilio by 6.6% during the fourth 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. Envestnet Asset Management Inc. grew its position in shares of Twilio by 101.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 46,993 shares of the technology company's stock valued at $5,079,000 after purchasing an additional 23,608 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Twilio by 28.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,915 shares of the technology company's stock valued at $1,504,000 after purchasing an additional 3,117 shares during the last quarter. Mariner LLC grew its position in shares of Twilio by 0.7% in the fourth quarter. Mariner LLC now owns 46,995 shares of the technology company's stock valued at $5,079,000 after purchasing an additional 345 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $365,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 8,297 shares of Twilio 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 owned 147,823 shares in the company, valued at approximately $17,302,682.15. The trade was a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 owned 33,488 shares in the company, valued at $4,019,564.64. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,964 shares of company stock worth $6,536,478. 4.50% of the stock is currently owned by corporate insiders.

Twilio Stock Performance

NYSE:TWLO opened at $105.78 on Monday. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 881.57, a PEG ratio of 3.37 and a beta of 1.23. The firm's fifty day simple moving average is $119.85 and its 200 day simple moving average is $112.81. Twilio Inc. has a twelve month low of $56.85 and a twelve month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TWLO shares. Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Robert W. Baird lowered their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. Tigress Financial reiterated a "buy" rating and issued a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. Finally, Piper Sandler upped their price objective on shares of Twilio from $140.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. One equities 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 stock has an average rating of "Moderate Buy" and a consensus price target of $126.74.

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.

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