Qsemble Capital Management LP Purchases 7,699 Shares of Twilio Inc. (NYSE:TWLO)

Qsemble Capital Management LP increased its position in shares of Twilio Inc. (NYSE:TWLO) by 41.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,327 shares of the technology company’s stock after acquiring an additional 7,699 shares during the period. Qsemble Capital Management LP’s holdings in Twilio were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Twilio in the 4th quarter worth $25,000. SouthState Corp increased its holdings in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio in the 2nd quarter worth $29,000. Activest Wealth Management increased its holdings in shares of Twilio by 327.9% in the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Finally, Westend Capital Management LLC bought a new position in shares of Twilio in the 1st quarter worth $35,000. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 0.3 %

Shares of TWLO opened at $59.14 on Friday. The stock has a market capitalization of $9.50 billion, a P/E ratio of -14.75, a PEG ratio of 3.35 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $59.46 and a two-hundred day simple moving average of $59.32. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.23) EPS. On average, research analysts anticipate that Twilio Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TWLO shares. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Tigress Financial increased their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Sanford C. Bernstein upped their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.52.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 1,931 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the sale, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Dana Wagner sold 4,237 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total value of $238,458.36. Following the completion of the transaction, the insider now directly owns 160,137 shares in the company, valued at approximately $9,012,510.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the transaction, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,030 shares of company stock valued at $2,677,475. Company 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.