SteelPeak Wealth LLC Buys 3,360 Shares of Twilio Inc. (NYSE:TWLO)

SteelPeak Wealth LLC boosted its holdings in Twilio Inc. (NYSE:TWLO) by 75.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,808 shares of the technology company’s stock after buying an additional 3,360 shares during the period. SteelPeak Wealth LLC’s holdings in Twilio were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Blue Zone Wealth Advisors LLC grew its stake in Twilio by 9.1% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 5,160 shares of the technology company’s stock valued at $316,000 after buying an additional 432 shares in the last quarter. 180 Wealth Advisors LLC grew its position in shares of Twilio by 29.4% during the 1st quarter. 180 Wealth Advisors LLC now owns 53,633 shares of the technology company’s stock valued at $3,280,000 after purchasing an additional 12,201 shares in the last quarter. TrueMark Investments LLC grew its position in shares of Twilio by 13.5% during the 1st quarter. TrueMark Investments LLC now owns 17,400 shares of the technology company’s stock valued at $1,064,000 after purchasing an additional 2,067 shares in the last quarter. Austin Private Wealth LLC grew its position in shares of Twilio by 43.7% during the 1st quarter. Austin Private Wealth LLC now owns 4,227 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Range Financial Group LLC purchased a new position in shares of Twilio during the 1st quarter valued at $613,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Wells Fargo & Company cut their target price on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. UBS Group lowered their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $71.00 price target on shares of Twilio in a research note on Monday, May 20th. 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 stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average price target of $69.48.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 796 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the sale, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Aidan Viggiano sold 6,633 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.12, for a total transaction of $412,041.96. Following the sale, the chief financial officer now owns 234,411 shares in the company, valued at $14,561,611.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 796 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the sale, the insider now owns 164,374 shares in the company, valued at approximately $10,140,232.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,349 shares of company stock worth $3,120,046. 4.50% of the stock is currently owned by company insiders.

Twilio Trading Up 1.5 %

TWLO stock traded up $0.82 during trading on Friday, reaching $56.81. The company had a trading volume of 2,646,437 shares, compared to its average volume of 2,566,100. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16. The company has a market cap of $9.72 billion, a P/E ratio of -14.17, a PEG ratio of 9.59 and a beta of 1.34. The business has a 50 day moving average of $58.49 and a 200 day moving average of $63.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, sell-side analysts forecast that Twilio Inc. will post 0.18 earnings per share for the current fiscal 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.