Bessemer Group Inc. Has $1.53 Million Position in Twilio Inc. (TWLO)
Bessemer Group Inc. cut its position in shares of Twilio Inc. (NYSE:TWLO) by 50.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 52,685 shares of the technology company’s stock after selling 52,800 shares during the period. Bessemer Group Inc.’s holdings in Twilio were worth $1,534,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of TWLO. Kornitzer Capital Management Inc. KS raised its position in shares of Twilio by 54.8% in the second quarter. Kornitzer Capital Management Inc. KS now owns 252,615 shares of the technology company’s stock valued at $7,354,000 after buying an additional 89,390 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Twilio by 204.0% in the second quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock valued at $212,000 after buying an additional 4,897 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Twilio by 22.5% in the second quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock valued at $318,000 after buying an additional 2,005 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Twilio by 487.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,066,806 shares of the technology company’s stock valued at $31,054,000 after buying an additional 885,206 shares during the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of Twilio during the second quarter valued at about $393,000. Institutional investors own 73.97% of the company’s stock.
Twilio Inc. (NYSE TWLO) opened at 31.38 on Friday. The company’s 50 day moving average price is $29.93 and its 200 day moving average price is $29.14. Twilio Inc. has a 12 month low of $22.80 and a 12 month high of $70.96. The firm’s market capitalization is $2.85 billion.
Twilio (NYSE:TWLO) last released its earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.99%. The business had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. During the same period in the prior year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 48.7% on a year-over-year basis. Analysts anticipate that Twilio Inc. will post ($0.23) EPS for the current year.
Several equities analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Twilio in a report on Tuesday, May 2nd. Drexel Hamilton reissued a “buy” rating and set a $50.00 price target on shares of Twilio in a report on Tuesday, May 2nd. Summit Redstone lowered their price target on Twilio from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. William Blair reissued an “outperform” rating on shares of Twilio in a report on Wednesday, May 3rd. Finally, Vetr lowered Twilio from a “buy” rating to a “hold” rating and set a $34.70 price target on the stock. in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Twilio has a consensus rating of “Buy” and an average target price of $37.25.
In related news, General Counsel Karyn Smith sold 5,381 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $31.40, for a total value of $168,963.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lee Kirkpatrick sold 10,851 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $25.73, for a total transaction of $279,196.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,870 shares of company stock valued at $1,296,550.
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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