Rhumbline Advisers Purchases 50,847 Shares of Twilio Inc. (TWLO)
Rhumbline Advisers grew its position in shares of Twilio Inc. (NYSE:TWLO) by 273.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,415 shares of the technology company’s stock after purchasing an additional 50,847 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of Twilio worth $2,021,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in TWLO. IFP Advisors Inc increased its position in shares of Twilio by 10.0% during the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock valued at $151,000 after purchasing an additional 469 shares during the last quarter. US Bancorp DE increased its position in shares of Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after purchasing an additional 3,878 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Twilio by 204.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock valued at $212,000 after purchasing an additional 4,897 shares during the last quarter. Carl Domino Inc bought a new position in shares of Twilio during the 2nd quarter valued at about $233,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Twilio by 22.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock valued at $318,000 after purchasing an additional 2,005 shares during the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.
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Shares of Twilio Inc. (TWLO) opened at 30.88 on Friday. Twilio Inc. has a 12-month low of $25.98 and a 12-month high of $70.96. The stock’s market cap is $2.84 billion. The firm has a 50-day moving average price of $30.68 and a 200 day moving average price of $30.92.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.20). Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The company had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $86.28 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. Equities research analysts expect that Twilio Inc. will post ($0.22) earnings per share for the current year.
Several equities analysts have recently commented on the company. Canaccord Genuity increased their price objective on Twilio from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Drexel Hamilton reiterated a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. Vetr cut Twilio from a “strong-buy” rating to a “buy” rating and set a $32.34 target price for the company. in a report on Monday, June 26th. Zacks Investment Research upgraded Twilio from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, July 19th. Finally, J P Morgan Chase & Co increased their target price on Twilio from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Twilio presently has a consensus rating of “Buy” and an average price target of $37.50.
In other news, General Counsel Karyn Smith sold 5,381 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $31.40, for a total transaction of $168,963.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Lee Kirkpatrick sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $31.17, for a total value of $311,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,519 shares of company stock worth $1,431,088.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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