Impax Asset Management Group plc Buys New Stake in Twilio Inc. $TWLO

Impax Asset Management Group plc purchased a new position in shares of Twilio Inc. (NYSE:TWLO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 65,636 shares of the technology company’s stock, valued at approximately $6,570,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Twilio by 6.6% in the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 623 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Twilio during the second quarter worth about $251,000. US Bancorp DE increased its position in shares of Twilio by 22.0% during the second quarter. US Bancorp DE now owns 7,686 shares of the technology company’s stock worth $956,000 after purchasing an additional 1,388 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Twilio in the 2nd quarter valued at about $502,000. Finally, Aberdeen Group plc boosted its position in shares of Twilio by 6.1% in the 2nd quarter. Aberdeen Group plc now owns 150,896 shares of the technology company’s stock valued at $18,765,000 after purchasing an additional 8,734 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 13,336 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $134.28, for a total transaction of $1,790,758.08. Following the transaction, the chief executive officer directly owned 193,781 shares in the company, valued at approximately $26,020,912.68. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew Stafman sold 1,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $129.00, for a total value of $129,000,000.00. Following the sale, the director directly owned 2,295,000 shares in the company, valued at $296,055,000. This trade represents a 30.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,043,438 shares of company stock valued at $135,022,770. Corporate insiders own 0.21% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO opened at $110.34 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.68 and a current ratio of 4.68. Twilio Inc. has a one year low of $77.51 and a one year high of $147.42. The firm has a market capitalization of $16.93 billion, a P/E ratio of 269.11, a PEG ratio of 2.32 and a beta of 1.32. The company’s fifty day moving average is $130.00 and its two-hundred day moving average is $119.16.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America lifted their price target on Twilio from $100.00 to $110.00 and gave the stock an “underperform” rating in a research report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and set a $150.00 target price on shares of Twilio in a research report on Friday, October 31st. Royal Bank Of Canada upped their price target on shares of Twilio from $75.00 to $100.00 and gave the company an “underperform” rating in a research report on Monday, January 5th. Stifel Nicolaus raised their price objective on shares of Twilio from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, October 31st. Finally, UBS Group upped their target price on shares of Twilio from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $146.44.

Twilio Company Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.