Teachers Retirement System of The State of Kentucky Acquires New Shares in Twilio Inc. (NYSE:TWLO)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Twilio Inc. (NYSE:TWLO – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 100,435 shares of the technology company’s stock, valued at approximately $6,944,000.

Several other hedge funds also recently modified their holdings of TWLO. Acadian Asset Management LLC boosted its holdings in shares of Twilio by 39.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock valued at $192,000 after acquiring an additional 336 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Twilio during the 1st quarter worth about $894,000. Panagora Asset Management Inc. lifted its holdings in Twilio by 29.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock worth $459,000 after buying an additional 629 shares during the period. Synovus Financial Corp lifted its holdings in Twilio by 57.9% during the 1st quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock worth $817,000 after buying an additional 1,818 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Twilio by 22.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock worth $43,765,000 after buying an additional 48,552 shares during the period. Institutional investors and hedge funds own 78.68% of the company’s stock.

Insiders Place Their Bets

In related news, Director Donna Dubinsky acquired 3,995 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was purchased at an average cost of $62.72 per share, with a total value of $250,566.40. Following the acquisition, the director now owns 13,232 shares of the company’s stock, valued at approximately $829,911.04. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other Twilio news, Director Donna Dubinsky bought 3,995 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were purchased at an average price of $62.72 per share, for a total transaction of $250,566.40. Following the purchase, the director now directly owns 13,232 shares of the company’s stock, valued at $829,911.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 8,461 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $64.24, for a total value of $543,534.64. Following the completion of the transaction, the insider now owns 162,871 shares in the company, valued at approximately $10,462,833.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,149 shares of company stock valued at $1,867,804. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several recent research reports. Piper Sandler lifted their target price on Twilio from $69.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, February 16th. Morgan Stanley lifted their target price on Twilio from $64.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, February 16th. Stifel Nicolaus lifted their price objective on Twilio from $45.00 to $60.00 in a research report on Monday, February 13th. StockNews.com began coverage on Twilio in a research report on Thursday. They issued a “hold” rating for the company. Finally, Oppenheimer lowered their price objective on Twilio from $110.00 to $75.00 in a research report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.96.

Twilio Stock Performance

Shares of TWLO opened at $62.86 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.17 and a current ratio of 6.17. The stock has a 50 day moving average price of $62.28 and a two-hundred day moving average price of $60.78. The firm has a market capitalization of $11.77 billion, a P/E ratio of -9.15 and a beta of 1.45. Twilio Inc. has a 52 week low of $41.00 and a 52 week high of $176.96.

Twilio (NYSE:TWLO – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.31. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. Twilio had a negative return on equity of 7.63% and a negative net margin of 32.83%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted ($1.25) EPS. Equities analysts forecast that Twilio Inc. will post -2.3 earnings per share for the current fiscal year.

About Twilio

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Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.