Healthcare of Ontario Pension Plan Trust Fund Acquires 37,933 Shares of Twilio Inc. (NYSE:TWLO)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Twilio Inc. (NYSE:TWLO) by 59.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,400 shares of the technology company’s stock after purchasing an additional 37,933 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Twilio worth $6,201,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. bought a new position in Twilio during the fourth quarter valued at about $25,000. Activest Wealth Management grew its position in Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after buying an additional 400 shares during the period. Westend Capital Management LLC bought a new position in Twilio during the first quarter valued at about $35,000. Blue Trust Inc. grew its position in Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after buying an additional 564 shares during the period. Finally, Friedenthal Financial bought a new position in Twilio during the fourth quarter valued at about $46,000. Institutional investors own 84.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $71.00 price target on shares of Twilio in a report on Monday, May 20th. Macquarie decreased their price objective on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Sanford C. Bernstein cut their target price 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. StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. Finally, Piper Sandler cut their target price on shares of Twilio from $79.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.38.

Twilio Price Performance

Shares of TWLO traded up $1.02 during trading hours on Thursday, hitting $57.42. The company had a trading volume of 2,085,625 shares, compared to its average volume of 2,891,828. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The firm has a fifty day moving average price of $57.29 and a 200-day moving average price of $61.53. 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 issued 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 return on equity of 0.89% and a negative net margin of 17.37%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, research analysts forecast that Twilio Inc. will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 820 shares of the business’s stock in a transaction dated 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 approximately $8,963,174.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Dana Wagner sold 820 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $46,133.20. Following the completion of the sale, the insider now owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 956 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 transaction of $58,975.64. Following the sale, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at approximately $14,096,535.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,967 shares of company stock valued at $3,796,221. 4.50% of the stock is owned by insiders.

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.