109,322 Shares in Twilio Inc. (TWLO) Purchased by Oberndorf William E
Oberndorf William E acquired a new position in Twilio Inc. (NYSE:TWLO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 109,322 shares of the technology company’s stock, valued at approximately $3,263,000. Twilio comprises about 2.6% of Oberndorf William E’s holdings, making the stock its 7th largest holding. Oberndorf William E owned approximately 0.12% of Twilio as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Thompson Davis & CO. Inc. grew its position in Twilio by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after purchasing an additional 34 shares during the last quarter. Pacer Advisors Inc. grew its position in Twilio by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after purchasing an additional 555 shares during the last quarter. IFP Advisors Inc grew its position in Twilio by 10.0% during the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after purchasing an additional 469 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Twilio during the 2nd quarter worth approximately $159,000. Finally, US Bancorp DE grew its position in Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after purchasing an additional 3,878 shares during the last quarter. 59.51% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Lee Kirkpatrick sold 10,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $32.17, for a total value of $321,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Karyn Smith sold 5,381 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $31.48, for a total transaction of $169,393.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,134 shares of company stock valued at $1,281,359.
Twilio Inc. (NYSE TWLO) traded down $0.19 on Tuesday, hitting $25.88. 1,059,832 shares of the company traded hands, compared to its average volume of 2,791,026. Twilio Inc. has a 1 year low of $22.80 and a 1 year high of $38.88.
Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. The firm had revenue of $100.54 million during the quarter, compared to analysts’ expectations of $92.50 million. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue was up 40.6% compared to the same quarter last year. research analysts anticipate that Twilio Inc. will post -0.75 earnings per share for the current year.
Several analysts have weighed in on TWLO shares. Mitsubishi UFJ Financial Group raised shares of Twilio from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $35.00 in a research report on Tuesday, August 8th. Drexel Hamilton reissued a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. Canaccord Genuity boosted their target price on shares of Twilio from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $38.00 target price on shares of Twilio in a research report on Monday, September 18th. Finally, Northland Securities reissued a “buy” rating and set a $36.00 target price on shares of Twilio in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Twilio currently has a consensus rating of “Buy” and an average price target of $36.78.
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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