Crestline Management LP Buys Shares of 43,299 Twilio Inc. (NYSE:TWLO)

Crestline Management LP acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 43,299 shares of the technology company's stock, valued at approximately $4,680,000.

Several other hedge funds have also modified their holdings of the stock. Cetera Investment Advisers raised its position in Twilio by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 54,794 shares of the technology company's stock valued at $5,922,000 after purchasing an additional 990 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in Twilio in the fourth quarter valued at approximately $445,000. Captrust Financial Advisors lifted its stake in Twilio by 31.4% in the fourth quarter. Captrust Financial Advisors now owns 28,066 shares of the technology company's stock worth $3,033,000 after acquiring an additional 6,709 shares during the last quarter. Cardiff Park Advisors LLC acquired a new position in Twilio during the 4th quarter worth approximately $247,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $424,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $0.48 during midday trading on Friday, hitting $105.71. The stock had a trading volume of 1,665,063 shares, compared to its average volume of 2,666,288. The company 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. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The stock has a 50 day moving average price of $95.98 and a two-hundred day moving average price of $106.02. 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 earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.80 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler boosted 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. Robert W. Baird dropped their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Barclays boosted their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and an average target price of $124.41.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 12,056 shares of the business's 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 of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the firm's 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 directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 0.21% of the company's stock.

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.