Forum Financial Management LP Makes New Investment in Twilio Inc. (NYSE:TWLO)

Forum Financial Management LP acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,551 shares of the technology company's stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC grew its holdings in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Twilio during the fourth quarter worth about $44,000. Private Trust Co. NA grew its holdings in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after buying an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Twilio during the fourth quarter worth about $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Performance

Shares of NYSE:TWLO traded down $0.52 on Thursday, reaching $117.36. 2,300,769 shares of the company's stock were exchanged, compared to its average volume of 2,683,330. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of -183.38, a PEG ratio of 4.30 and a beta of 1.44. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The business's 50-day moving average is $99.22 and its two-hundred day moving average is $109.16. The company has a quick ratio of 5.06, a current 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, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. As a group, equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the sale, the chief executive officer now directly owns 280,589 shares in the company, valued at approximately $25,704,758.29. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the firm'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 $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,784 shares of company stock worth $4,226,942 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Barclays boosted their target price on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Piper Sandler boosted their target price on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a report on Tuesday, April 29th. Finally, Jefferies Financial Group lowered their target price on shares of Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.