Victory Capital Management Inc. Grows Position in Twilio Inc (TWLO)

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Victory Capital Management Inc. lifted its holdings in Twilio Inc (NYSE:TWLO) by 4.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 584,140 shares of the technology company’s stock after acquiring an additional 23,470 shares during the period. Victory Capital Management Inc.’s holdings in Twilio were worth $75,459,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC grew its stake in shares of Twilio by 200.0% in the first quarter. Lindbrook Capital LLC now owns 300 shares of the technology company’s stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Covenant Multifamily Offices LLC acquired a new position in shares of Twilio in the first quarter valued at about $39,000. CWM LLC acquired a new position in shares of Twilio in the first quarter valued at about $39,000. Trust Co. of Vermont acquired a new position in shares of Twilio in the first quarter valued at about $40,000. Finally, Adirondack Trust Co. grew its stake in Twilio by 625.0% during the fourth quarter. Adirondack Trust Co. now owns 348 shares of the technology company’s stock worth $31,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 57.69% of the company’s stock.

In other news, General Counsel Karyn Smith sold 1,360 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $106.22, for a total value of $144,459.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $129.87, for a total transaction of $2,705,192.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,847 shares of company stock worth $15,583,124. 19.80% of the stock is currently owned by corporate insiders.

TWLO opened at $134.28 on Friday. Twilio Inc has a 1-year low of $50.57 and a 1-year high of $142.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.33 and a current ratio of 6.33. The company has a market capitalization of $16.45 billion, a PE ratio of -167.85 and a beta of 1.31.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.40). Twilio had a negative net margin of 17.87% and a negative return on equity of 25.32%. The company had revenue of $233.00 million during the quarter, compared to analyst estimates of $223.45 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was up 80.5% on a year-over-year basis. On average, analysts expect that Twilio Inc will post -1.4 earnings per share for the current year.

TWLO has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Robert W. Baird reiterated an “outperform” rating and set a $134.00 price objective (up from $105.00) on shares of Twilio in a research note on Friday, February 1st. Bank of America reiterated a “buy” rating and set a $125.00 price objective (up from $92.00) on shares of Twilio in a research note on Thursday, February 7th. reiterated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Twilio in a research note on Wednesday, February 13th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $150.00 price objective (up from $117.00) on shares of Twilio in a research note on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Twilio currently has a consensus rating of “Buy” and an average price target of $138.36.

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Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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