Bridgefront Capital LLC Invests $445,000 in Twilio Inc. (NYSE:TWLO)

Bridgefront Capital LLC acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,115 shares of the technology company's stock, valued at approximately $445,000.

A number of other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC raised its stake in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust raised its position 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 acquired a new position in Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA boosted its position 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 acquired a new stake in shares of Twilio during the 4th quarter worth approximately $75,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Up 0.5 %

TWLO stock traded up $0.48 during midday trading on Friday, hitting $105.71. 1,665,063 shares of the company's stock were exchanged, compared to its average volume of 2,666,288. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The business has a 50-day simple moving average of $95.98 and a two-hundred day simple moving average of $106.02. The stock has a market capitalization of $16.13 billion, a PE ratio of -165.17, a P/E/G ratio of 4.30 and a beta of 1.44. 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 issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned $0.80 EPS. Twilio's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TWLO shares. William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Scotiabank raised their target price on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price target on Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Morgan Stanley dropped their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Piper Sandler upped their target price on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.41.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction that occurred on 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 owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock valued at $2,344,149 over the last quarter. 0.21% of the stock is owned by company insiders.

Twilio 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.