Occudo Quantitative Strategies LP Acquires New Shares in Twilio Inc. (NYSE:TWLO)

Occudo Quantitative Strategies LP acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,000 shares of the technology company's stock, valued at approximately $1,297,000.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new position in Twilio during the 4th quarter worth $44,000. Private Trust Co. NA lifted its holdings in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after buying an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Twilio in the fourth quarter valued at $75,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TWLO. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Twilio in a report on Friday. Mizuho lowered their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. William Blair restated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Finally, StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.41.

Twilio Stock Performance

TWLO stock traded down $0.39 during trading on Monday, reaching $115.95. 861,069 shares of the stock were exchanged, compared to its average volume of 2,666,486. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a 50 day simple moving average of $96.78 and a 200-day simple moving average of $107.96. 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 market capitalization of $17.70 billion, a P/E ratio of -181.05, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44.

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

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 8,735 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $800,213.35. Following the completion of the transaction, the chief financial officer now directly owns 167,905 shares in the company, valued at $15,381,777.05. This represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,751 shares of company stock worth $4,476,830 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

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.