EntryPoint Capital LLC Purchases Shares of 1,599 Twilio Inc. (NYSE:TWLO)

EntryPoint Capital LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO) during the 1st quarter, Holdings Channel reports. The institutional investor bought 1,599 shares of the technology company’s stock, valued at approximately $98,000.

Other large investors have also recently bought and sold shares of the company. Leelyn Smith LLC raised its stake in shares of Twilio by 4.2% during the 1st quarter. Leelyn Smith LLC now owns 12,660 shares of the technology company’s stock worth $774,000 after purchasing an additional 510 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Twilio by 59.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 101,400 shares of the technology company’s stock valued at $6,201,000 after acquiring an additional 37,933 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Twilio by 13.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock worth $10,770,000 after purchasing an additional 21,245 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Twilio by 108.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,500 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,300 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc lifted its stake in Twilio by 566.7% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 20,000 shares of the technology company’s stock valued at $1,223,000 after purchasing an additional 17,000 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Up 2.2 %

Shares of Twilio stock traded up $1.29 during midday trading on Friday, hitting $58.71. 711,934 shares of the company traded hands, compared to its average volume of 2,878,969. The firm’s fifty day moving average price is $57.21 and its 200-day moving average price is $61.50. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities research analysts forecast that Twilio Inc. will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 820 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the transaction, the insider now owns 159,317 shares of the company’s stock, valued at $8,963,174.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Aidan Viggiano sold 6,586 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $370,528.36. Following the completion of the sale, the chief financial officer now owns 188,462 shares of the company’s stock, valued at $10,602,872.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 820 shares of Twilio stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the transaction, the insider now directly owns 159,317 shares in the company, valued at $8,963,174.42. The disclosure for this sale can be found here. Insiders sold a total of 66,967 shares of company stock valued at $3,796,221 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TWLO. Needham & Company LLC restated a “buy” rating and issued a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. Canaccord Genuity Group decreased their price objective on shares of Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Sanford C. Bernstein lowered their price target on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Finally, Robert W. Baird reduced their price objective on Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.38.

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.