Archon Capital Management LLC Cuts Holdings in Twilio Inc. (NYSE:TWLO)

Archon Capital Management LLC lowered its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 82.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the technology company's stock after selling 48,400 shares during the quarter. Twilio comprises approximately 1.1% of Archon Capital Management LLC's holdings, making the stock its 28th largest holding. Archon Capital Management LLC's holdings in Twilio were worth $1,081,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in Twilio by 176.8% in the third quarter. Stifel Financial Corp now owns 21,833 shares of the technology company's stock valued at $1,424,000 after acquiring an additional 13,946 shares during the period. MML Investors Services LLC increased its holdings in shares of Twilio by 33.1% in the 3rd quarter. MML Investors Services LLC now owns 7,768 shares of the technology company's stock worth $507,000 after acquiring an additional 1,930 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Twilio by 10.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 49,590 shares of the technology company's stock worth $3,234,000 after purchasing an additional 4,568 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Twilio by 16.3% during the third quarter. M&T Bank Corp now owns 8,642 shares of the technology company's stock valued at $563,000 after buying an additional 1,211 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after buying an additional 33,824 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were 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 owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last 90 days. Insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of Twilio stock traded down $0.18 on Thursday, reaching $85.59. The stock had a trading volume of 645,990 shares, compared to its average volume of 3,167,926. The company has a market cap of $13.06 billion, a P/E ratio of -133.74, a price-to-earnings-growth 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 business's 50 day moving average is $106.25 and its two-hundred day moving average is $102.94. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several research analyst reports. UBS Group raised their target price on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and boosted their target price for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Morgan Stanley decreased their target price on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Piper Sandler reissued an "overweight" rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.13.

Twilio Company Profile

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.