Woodline Partners LP Buys Shares of 3,633 Twilio Inc. (NYSE:TWLO)

Woodline Partners LP acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,633 shares of the technology company's stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TWLO. Janney Montgomery Scott LLC increased its position in Twilio by 9.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 33,374 shares of the technology company's stock valued at $3,607,000 after purchasing an additional 2,911 shares during the period. Brighton Jones LLC increased its position in Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock valued at $1,086,000 after purchasing an additional 623 shares during the period. KBC Group NV increased its position in Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock valued at $30,389,000 after purchasing an additional 258,469 shares during the period. Smith Group Asset Management LLC increased its position in Twilio by 19.4% during the 4th quarter. Smith Group Asset Management LLC now owns 18,610 shares of the technology company's stock valued at $2,011,000 after purchasing an additional 3,020 shares during the period. Finally, Forsta AP Fonden increased its position in Twilio by 30.3% during the 4th quarter. Forsta AP Fonden now owns 43,900 shares of the technology company's stock valued at $4,745,000 after purchasing an additional 10,200 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Down 0.4%

NYSE:TWLO traded down $0.52 during trading hours on Thursday, hitting $117.36. 2,300,963 shares of the company traded hands, compared to its average volume of 2,680,619. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm's 50-day simple moving average is $99.22 and its 200-day simple moving average is $109.16. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a market cap of $17.91 billion, a PE ratio of -183.38, a PEG ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data 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 1.38% and a negative net margin of 2.45%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the business earned $0.80 EPS. The business's revenue was up 12.0% on a year-over-year basis. Equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on TWLO shares. Jefferies Financial Group reduced their price objective on shares of Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. William Blair reaffirmed an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Piper Sandler raised their price objective on shares of Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Twilio in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and an average target price of $124.41.

Insider Activity

In other news, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was 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 of the company's stock, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now directly 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 valued at $4,226,942 in the last ninety days. 4.50% of the stock is currently owned by insiders.

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.