Counterpoint Mutual Funds LLC Buys Shares of 17,252 Twilio Inc. (NYSE:TWLO)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,252 shares of the technology company’s stock, valued at approximately $1,865,000. Twilio comprises about 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 14th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clayton Partners LLC lifted its stake in shares of Twilio by 19.7% during the 4th quarter. Clayton Partners LLC now owns 58,178 shares of the technology company’s stock valued at $6,288,000 after buying an additional 9,570 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company’s stock worth $439,000 after acquiring an additional 135 shares in the last quarter. Catalyst Funds Management Pty Ltd boosted its holdings in shares of Twilio by 66.7% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 2,000 shares of the technology company’s stock worth $216,000 after acquiring an additional 800 shares during the period. Picton Mahoney Asset Management boosted its holdings in shares of Twilio by 465,868.4% in the fourth quarter. Picton Mahoney Asset Management now owns 88,534 shares of the technology company’s stock worth $9,567,000 after acquiring an additional 88,515 shares during the period. Finally, Carret Asset Management LLC grew its position in shares of Twilio by 20.0% in the fourth quarter. Carret Asset Management LLC now owns 6,725 shares of the technology company’s stock valued at $727,000 after purchasing an additional 1,120 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 in the last quarter. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of several analyst reports. Tigress Financial raised their target price on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group boosted their price objective on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, February 14th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday. Mizuho boosted their price target on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Twilio has an average rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Stock Up 4.2 %

TWLO opened at $98.90 on Monday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $122.22 and its 200-day moving average price is $98.00. The company has a market cap of $15.10 billion, a P/E ratio of -154.53, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, equities analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

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.