Assenagon Asset Management S.A. Has $502,000 Stake in Twilio Inc. (NYSE:TWLO)

Assenagon Asset Management S.A. cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 71.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,694 shares of the technology company’s stock after selling 18,826 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Twilio were worth $502,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after buying an additional 166 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Twilio by 3.6% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after acquiring an additional 201 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 205 shares during the period. Royal London Asset Management Ltd. lifted its stake in Twilio by 0.4% in the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock valued at $3,413,000 after buying an additional 220 shares during the period. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after buying an additional 260 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 5.2 %

TWLO stock opened at $84.84 on Monday. Twilio Inc. has a 1-year low of $51.90 and a 1-year high of $85.59. The stock has a market cap of $13.63 billion, a P/E ratio of -33.01, a P/E/G ratio of 4.59 and a beta of 1.32. The stock’s fifty day simple moving average is $65.80 and its two-hundred day simple moving average is $61.15. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last posted 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.23) earnings per share. Analysts expect that Twilio Inc. will post 0.54 EPS for the current year.

Insider Activity

In related 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 sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the sale, the insider now owns 146,803 shares in the company, valued at $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,906 shares of company stock valued at $3,388,596 in the last three months. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. Northland Securities increased their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Robert W. Baird increased their price target on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday. Finally, TD Cowen boosted their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.55.

About Twilio

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.