Tidal Investments LLC Acquires 15,064 Shares of Twilio Inc. (NYSE:TWLO)

Tidal Investments LLC increased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 85.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,730 shares of the technology company's stock after buying an additional 15,064 shares during the quarter. Tidal Investments LLC's holdings in Twilio were worth $3,537,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC boosted its holdings in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in Twilio during the 4th quarter valued at $44,000. Private Trust Co. NA lifted its holdings in Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Twilio during the 4th quarter valued at $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised their price target on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Scotiabank raised their price target on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Jefferies Financial Group cut their price target on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a report on Monday, April 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Twilio in a report on Friday, May 16th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Insider Activity

In related news, CEO Khozema Shipchandler sold 14,545 shares of the company'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 transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at $25,704,758.29. This represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of the company'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 transaction, 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. In the last ninety days, insiders sold 44,784 shares of company stock worth $4,226,942. 0.21% of the stock is currently owned by corporate insiders.

Twilio Price Performance

Shares of NYSE:TWLO traded down $2.17 during midday trading on Friday, hitting $113.71. The stock had a trading volume of 1,957,920 shares, compared to its average volume of 2,684,779. The company's 50-day moving average price is $98.42 and its 200-day moving average price is $108.65. The company has a market capitalization of $17.36 billion, a P/E ratio of -177.67, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. 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 Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued 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 company had revenue of $1.17 billion during 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%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. As a group, equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Twilio Company 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.