Insigneo Advisory Services LLC Purchases Shares of 2,283 Twilio Inc. (NYSE:TWLO)

Insigneo Advisory Services LLC bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,283 shares of the technology company's stock, valued at approximately $224,000.

Several other large investors have also made changes to their positions in the company. Aigen Investment Management LP grew its holdings in Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after acquiring an additional 5,188 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Twilio by 145.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company's stock worth $1,254,000 after acquiring an additional 6,881 shares during the last quarter. Telemark Asset Management LLC bought a new stake in Twilio during the 4th quarter worth about $5,404,000. Verdence Capital Advisors LLC acquired a new position in Twilio during the 4th quarter valued at about $501,000. Finally, US Bancorp DE lifted its position in Twilio by 23.4% during the 4th quarter. US Bancorp DE now owns 5,907 shares of the technology company's stock valued at $638,000 after purchasing an additional 1,120 shares during the period. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In other news, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director now directly owns 33,488 shares in the company, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,924 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the sale, the chief financial officer now owns 165,982 shares in the company, valued at approximately $18,714,470.50. This trade represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,884 shares of company stock worth $4,719,065 over the last 90 days. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TWLO shares. Mizuho cut their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group increased their price target on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and increased their price target for the company from $77.00 to $99.00 in a research report on Monday, May 5th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. Finally, Morgan Stanley cut their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.39.

Twilio Stock Performance

Shares of TWLO traded up $1.27 during midday trading on Monday, reaching $117.77. 1,396,926 shares of the stock were exchanged, compared to its average volume of 2,631,789. Twilio Inc. has a twelve month low of $54.33 and a twelve month high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The company has a market cap of $17.98 billion, a P/E ratio of -560.81, a PEG ratio of 3.62 and a beta of 1.30. The stock's 50 day simple moving average is $108.20 and its 200 day simple moving average is $111.22.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. Twilio's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

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.