Kentucky Retirement Systems Insurance Trust Fund Takes Position in Twilio Inc. (NYSE:TWLO)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 4,448 shares of the technology company's stock, valued at approximately $436,000.

Other institutional investors also recently added to or reduced their stakes in the company. Aigen Investment Management LP increased its stake in shares of Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after purchasing an additional 5,188 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Twilio by 145.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company's stock valued at $1,254,000 after buying an additional 6,881 shares in the last quarter. Telemark Asset Management LLC bought a new stake in Twilio during the 4th quarter valued at $5,404,000. Verdence Capital Advisors LLC bought a new stake in Twilio during the 4th quarter valued at $501,000. Finally, QRG Capital Management Inc. lifted its position in shares of Twilio by 198.2% during the first quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock worth $791,000 after acquiring an additional 5,368 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TWLO shares. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and lifted their price objective for the stock from $77.00 to $99.00 in a report on Monday, May 5th. Wells Fargo & Company reduced their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird dropped their price target on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Piper Sandler increased their price objective on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $126.39.

Insider Buying and Selling at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director now directly owns 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,924 shares of Twilio stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total transaction of $216,931.00. Following the transaction, the chief financial officer now directly owns 165,982 shares of the company's stock, valued at $18,714,470.50. The trade was a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,884 shares of company stock valued at $4,719,065 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Twilio Stock Down 1.5%

Shares of Twilio stock opened at $119.82 on Thursday. The company's 50 day moving average is $109.55 and its 200 day moving average is $111.35. The company has a market cap of $18.29 billion, a price-to-earnings ratio of -570.57, a price-to-earnings-growth ratio of 3.78 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $55.00 and a twelve month high of $151.95.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.