Versor Investments LP Takes Position in Twilio Inc. (NYSE:TWLO)

Posted by Defense World Staff on Apr 15th, 2023

Versor Investments LP acquired a new position in Twilio Inc. (NYSE:TWLO – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,160 shares of the technology company’s stock, valued at approximately $400,000.

Several other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Twilio by 18.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock worth $114,000 after buying an additional 109 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Twilio by 8.3% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock valued at $285,000 after purchasing an additional 133 shares in the last quarter. Bailard Inc. lifted its position in shares of Twilio by 0.9% in the 3rd quarter. Bailard Inc. now owns 17,121 shares of the technology company’s stock worth $1,184,000 after purchasing an additional 155 shares during the period. Covestor Ltd boosted its stake in shares of Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after purchasing an additional 172 shares in the last quarter. Finally, Utah Retirement Systems increased its holdings in Twilio by 0.7% during the second quarter. Utah Retirement Systems now owns 29,919 shares of the technology company’s stock valued at $2,508,000 after buying an additional 200 shares during the period. 78.68% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Price Performance

NYSE:TWLO opened at $59.62 on Friday. The firm’s fifty day moving average is $64.52 and its two-hundred day moving average is $59.48. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of -8.68 and a beta of 1.47. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.17 and a current ratio of 6.17. Twilio Inc. has a one year low of $41.00 and a one year high of $146.26.

Twilio (NYSE:TWLO – Get Rating) last issued its earnings results 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 for the quarter, compared to the consensus estimate 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 was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.25) earnings per share. Research analysts expect that Twilio Inc. will post -2.05 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TWLO. Piper Sandler increased their target price on Twilio from $69.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. Jefferies Financial Group lifted their target price on Twilio from $50.00 to $60.00 in a research note on Friday, February 24th. UBS Group increased their price target on shares of Twilio from $77.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Robert W. Baird lifted their price objective on shares of Twilio from $55.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Finally, Needham & Company LLC boosted their price objective on shares of Twilio from $60.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.96.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 3,881 shares of the business’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $63.78, for a total value of $247,530.18. Following the completion of the transaction, the insider now directly owns 158,990 shares in the company, valued at approximately $10,140,382.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Aidan Viggiano sold 6,226 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $63.76, for a total value of $396,969.76. Following the completion of the sale, the chief financial officer now directly owns 213,577 shares in the company, valued at $13,617,669.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 3,881 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $63.78, for a total value of $247,530.18. Following the transaction, the insider now owns 158,990 shares in the company, valued at approximately $10,140,382.20. The disclosure for this sale can be found here. Insiders have sold 39,256 shares of company stock valued at $2,512,304 in the last 90 days. 4.96% of the stock is currently owned by company insiders.

Twilio Profile

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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.