Bares Capital Management Inc. Sells 55,090 Shares of Twilio Inc. (NYSE:TWLO)

Bares Capital Management Inc. trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 25.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,045 shares of the technology company's stock after selling 55,090 shares during the period. Twilio comprises approximately 1.5% of Bares Capital Management Inc.'s investment portfolio, making the stock its 10th largest holding. Bares Capital Management Inc. owned 0.10% of Twilio worth $17,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC lifted its holdings in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio during the 4th quarter worth approximately $44,000. Private Trust Co. NA lifted its stake in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Twilio in the 4th quarter valued at $75,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,471 shares of company stock worth $2,344,149. Company insiders own 4.50% of the company's stock.

Twilio Price Performance

Twilio stock traded down $2.11 during trading on Tuesday, reaching $100.94. The company had a trading volume of 2,808,930 shares, compared to its average volume of 2,702,501. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm's 50-day simple moving average is $96.71 and its 200 day simple moving average is $105.55. The firm has a market capitalization of $15.41 billion, a PE ratio of -157.72, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $0.80 EPS. The business's revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TWLO. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a research report on Friday. Morgan Stanley lowered their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. Finally, Scotiabank lifted their target price on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.21.

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.