6,200 Shares in Twilio Inc. (NYSE:TWLO) Bought by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,200 shares of the technology company’s stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TWLO. Proem Advisors LLC purchased a new stake in Twilio during the fourth quarter valued at about $3,242,000. Uniting Wealth Partners LLC acquired a new stake in shares of Twilio during the fourth quarter valued at approximately $432,000. ExodusPoint Capital Management LP lifted its position in shares of Twilio by 514.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 145,015 shares of the technology company’s stock valued at $15,673,000 after acquiring an additional 121,429 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in Twilio in the 4th quarter worth approximately $248,000. Finally, Motley Fool Asset Management LLC purchased a new position in Twilio during the 4th quarter worth approximately $244,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the transaction, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,857 shares of company stock valued at $4,318,654 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Twilio Price Performance

NYSE TWLO opened at $83.40 on Friday. The company has a market cap of $12.73 billion, a P/E ratio of -130.32, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 1 year low of $52.51 and a 1 year 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 company has a fifty day simple moving average of $118.19 and a 200 day simple moving average of $101.87.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on TWLO. Scotiabank raised their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group raised their price objective on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $144.00 to $160.00 in a report on Monday, February 24th. Piper Sandler restated an “overweight” rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Finally, Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $115.00 to $160.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.35.

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.