RBF Capital LLC Makes New $247,000 Investment in Twilio Inc. (NYSE:TWLO)

RBF Capital LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLOGet Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the technology company’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CSS LLC IL boosted its holdings in Twilio by 1.6% in the fourth quarter. CSS LLC IL now owns 4,900 shares of the technology company’s stock valued at $1,290,000 after purchasing an additional 76 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of Twilio by 7.5% in the fourth quarter. Dakota Wealth Management now owns 1,107 shares of the technology company’s stock valued at $292,000 after acquiring an additional 77 shares during the period. Equitable Holdings Inc. boosted its holdings in shares of Twilio by 3.7% in the fourth quarter. Equitable Holdings Inc. now owns 2,463 shares of the technology company’s stock valued at $649,000 after acquiring an additional 87 shares during the period. Xponance Inc. raised its stake in shares of Twilio by 1.4% during the first quarter. Xponance Inc. now owns 6,680 shares of the technology company’s stock worth $1,101,000 after purchasing an additional 94 shares during the last quarter. Finally, Cable Hill Partners LLC raised its stake in shares of Twilio by 13.8% during the fourth quarter. Cable Hill Partners LLC now owns 824 shares of the technology company’s stock worth $217,000 after purchasing an additional 100 shares during the last quarter. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TWLO has been the subject of several analyst reports. Mizuho cut their price target on Twilio from $200.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Oppenheimer dropped their price target on Twilio from $260.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Robert W. Baird cut Twilio from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $155.00 to $120.00 in a research report on Monday, May 16th. Sanford C. Bernstein initiated coverage on Twilio in a research report on Tuesday, July 19th. They issued a “market perform” rating and a $91.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on Twilio from $225.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.20.

Insider Activity at Twilio

In other Twilio news, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $83.25, for a total value of $71,012.25. Following the completion of the sale, the insider now owns 161,211 shares in the company, valued at approximately $13,420,815.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $83.25, for a total transaction of $71,012.25. Following the completion of the transaction, the insider now owns 161,211 shares in the company, valued at approximately $13,420,815.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Khozema Shipchandler sold 1,454 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $90.21, for a total value of $131,165.34. Following the transaction, the chief operating officer now owns 90,000 shares of the company’s stock, valued at approximately $8,118,900. The disclosure for this sale can be found here. Insiders sold a total of 13,349 shares of company stock worth $1,128,148 in the last 90 days. 4.96% of the stock is owned by company insiders.

Twilio Stock Performance

Shares of NYSE TWLO opened at $72.19 on Monday. The business’s 50-day moving average price is $81.83 and its two-hundred day moving average price is $108.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.42 and a current ratio of 6.42. Twilio Inc. has a one year low of $64.29 and a one year high of $373.00.

Twilio (NYSE:TWLOGet Rating) last released its quarterly earnings results on Thursday, August 4th. The technology company reported ($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.96) by ($0.51). The company had revenue of $943.35 million for the quarter, compared to the consensus estimate of $920.97 million. Twilio had a negative return on equity of 7.05% and a negative net margin of 31.16%. The business’s revenue was up 41.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.94) EPS. Sell-side analysts anticipate that Twilio Inc. will post -4.3 earnings per share for the current year.

Twilio Company Profile

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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