Is Twilio (TWLO) Still a Great Investment Pick?

Carillon Tower Advisers, an investment management firm, published its “Carillon Scout Mid Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio continues to be invested in a balance of companies that should do well in a cyclical recovery as well as in companies it believes to be secular winners, along with some defensive positions to help guard against rising interest rates. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Scout Mid Cap Fund mentioned Twilio Inc. (NYSE:TWLO) and explained its insights for the company. Founded in 2008, Twilio Inc. (NYSE:TWLO) is a San Francisco, California-based internet infrastructure solutions developer and publisher with a $15.4 billion market capitalization. Twilio Inc. (NYSE:TWLO) delivered a -67.66% return since the beginning of the year, while its 12-month returns are down by -78.09%. The stock closed at $85.17 per share on July 04, 2022.

Here is what Carillon Scout Mid Cap Fund has to say about Twilio Inc. (NYSE:TWLO) in its Q1 2022 investor letter:

Twilio (NYSE:TWLO), the messaging and marketing automation software platform, sold off along with other highly valued software-as-a-service providers. Although the company management team expects continued strong growth, investors have grown concerned that demand could slow following the surge in digital communication during the pandemic.”

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Our calculations show that Twilio Inc. (NYSE:TWLO) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Twilio Inc. (NYSE:TWLO) was in 75 hedge fund portfolios at the end of the first quarter of 2022, compared to 80 funds in the previous quarter. Twilio Inc. (NYSE:TWLO) delivered a -49.75% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on Twilio Inc. (NYSE:TWLO) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.