Cache Advisors LLC Acquires Shares of 3,415 Twilio Inc. (NYSE:TWLO)

Cache Advisors LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,415 shares of the technology company's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bleakley Financial Group LLC bought a new position in Twilio in the 4th quarter worth approximately $230,000. Aigen Investment Management LP increased its position in shares of Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after purchasing an additional 5,188 shares during the period. Highland Capital Management LLC bought a new stake in shares of Twilio during the fourth quarter valued at approximately $912,000. Moloney Securities Asset Management LLC bought a new stake in shares of Twilio during the fourth quarter valued at approximately $860,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of Twilio by 145.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company's stock valued at $1,254,000 after purchasing an additional 6,881 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction 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 approximately $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,924 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $112.75, for a total transaction of $216,931.00. Following the completion of the transaction, the chief financial officer now directly owns 165,982 shares of the company's stock, valued at approximately $18,714,470.50. This trade represents a 1.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,784 shares of company stock valued at $4,226,942 over the last 90 days. 0.21% of the stock is owned by company insiders.

Twilio Trading Up 3.1%

Twilio stock traded up $3.49 during mid-day trading on Tuesday, hitting $116.98. The stock had a trading volume of 2,011,895 shares, compared to its average volume of 2,682,095. The stock has a 50-day simple moving average of $98.63 and a two-hundred day simple moving average of $109.04. The stock has a market capitalization of $17.86 billion, a PE ratio of -182.78, a P/E/G ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 12 month low of $52.51 and a 12 month 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.

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 firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the business earned $0.80 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TWLO. Mizuho lowered their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group lowered their price objective on Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and boosted their price objective for the company from $77.00 to $99.00 in a research report on Monday, May 5th. Tigress Financial restated a "buy" rating and set a $170.00 price objective on shares of Twilio in a research report on Thursday, May 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and a consensus target price of $124.41.

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.