Twilio Inc. (NYSE:TWLO) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lowered its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 422,147 shares of the technology company's stock after selling 124,548 shares during the quarter. Voloridge Investment Management LLC owned 0.28% of Twilio worth $45,626,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TWLO. JFS Wealth Advisors LLC increased its position 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 acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust increased 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 worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC purchased a new position in Twilio during the 4th quarter worth $44,000. Private Trust Co. NA raised its position 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 in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Twilio in the 4th quarter worth $75,000. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

Shares of TWLO stock traded down $2.17 during mid-day trading on Friday, reaching $113.71. The stock had a trading volume of 1,957,920 shares, compared to its average volume of 2,680,001. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of -177.67, a PEG ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business's fifty day moving average is $98.13 and its 200-day moving average is $108.48.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.80 EPS. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TWLO shares. William Blair restated an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Monness Crespi & Hardt raised their target price on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Wall Street Zen upgraded shares of Twilio from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Tigress Financial reiterated a "buy" rating and set a $170.00 price objective on shares of Twilio in a research note on Thursday, May 8th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.41.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 14,545 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the sale, the chief executive officer now owns 280,589 shares in the company, valued at $25,704,758.29. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 8,735 shares of the business'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 value of $800,213.35. Following the completion of the transaction, the chief financial officer now directly owns 167,905 shares of the company's stock, valued at $15,381,777.05. The trade was a 4.95% 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 valued at $4,226,942 over the last 90 days. Insiders own 0.21% of the company's stock.

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.