Sanctuary Advisors LLC Purchases New Holdings in Twilio Inc. (NYSE:TWLO)

Sanctuary Advisors LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,075 shares of the technology company’s stock, valued at approximately $918,000.

Several other large investors also recently added to or reduced their stakes in the company. SouthState Corp grew its holdings in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after buying an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio during the second quarter worth approximately $29,000. Westend Capital Management LLC purchased a new position in Twilio during the first quarter valued at approximately $35,000. GAMMA Investing LLC increased its stake in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the period. Finally, Lynx Investment Advisory acquired a new stake in shares of Twilio during the 2nd quarter valued at $45,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Up 0.3 %

TWLO stock opened at $70.28 on Friday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm has a market cap of $12.03 billion, a P/E ratio of -17.53, a P/E/G ratio of 3.99 and a beta of 1.35. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The business’s 50 day moving average is $62.18 and its 200-day moving average is $59.93.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.23) earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Equities analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on TWLO. Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Tigress Financial lifted their target price on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. increased their price target on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus price target of $70.52.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the sale, the chief executive officer now owns 267,090 shares in the company, valued at approximately $17,678,687.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Twilio Company 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.