Highland Capital Management LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Highland Capital Management LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,061 shares of the technology company's stock, valued at approximately $1,294,000.

Several other institutional investors have also recently modified their holdings of TWLO. Truvestments Capital LLC grew its holdings in Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock worth $26,000 after acquiring an additional 247 shares during the period. Optimum Investment Advisors grew its holdings in Twilio by 68.3% during the third quarter. Optimum Investment Advisors now owns 505 shares of the technology company's stock worth $30,000 after acquiring an additional 205 shares during the period. RVW Wealth LLC acquired a new stake in Twilio during the third quarter worth about $30,000. Covestor Ltd grew its holdings in Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company's stock worth $35,000 after acquiring an additional 172 shares during the period. Finally, Quarry LP grew its holdings in Twilio by 328.2% during the second quarter. Quarry LP now owns 561 shares of the technology company's stock worth $36,000 after acquiring an additional 430 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JMP Securities reissued a "market outperform" rating and issued a $110.00 price objective on shares of Twilio in a report on Thursday, February 15th. HSBC downgraded Twilio from a "hold" rating to a "reduce" rating and reduced their price objective for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Barclays lifted their target price on Twilio from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. TD Cowen reduced their target price on Twilio from $72.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 6th. Finally, UBS Group dropped their price objective on Twilio from $82.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $68.90.

Twilio Stock Performance

Shares of TWLO traded up $0.10 during mid-day trading on Thursday, reaching $61.11. 5,439,753 shares of the company's stock traded hands, compared to its average volume of 3,547,200. The business's 50-day moving average price is $64.61 and its 200-day moving average price is $63.94. The stock has a market capitalization of $11.06 billion, a P/E ratio of -11.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.04 billion. Equities analysts predict that Twilio Inc. will post -0.22 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,581 shares of Twilio stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the transaction, the chief financial officer now owns 171,820 shares in the company, valued at $12,405,404. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Aidan Viggiano sold 6,581 shares of the company's stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the sale, the chief financial officer now directly owns 171,820 shares in the company, valued at $12,405,404. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 458 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the sale, the insider now owns 171,744 shares of the company's stock, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders have sold a total of 25,898 shares of company stock valued at $1,796,874 over the last quarter. Corporate insiders own 4.20% of the company's stock.

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.