Hood River Capital Management LLC Takes Position in Twilio Inc. (NYSE:TWLO)

Hood River Capital Management LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,564 shares of the technology company's stock, valued at approximately $7,518,000.

Other large investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its stake 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 buying an additional 266 shares during the period. Parkside Financial Bank & Trust increased its stake in Twilio by 79.4% in the fourth 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 purchased a new position in Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA increased its stake in Twilio by 395.6% in the fourth 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 purchased a new position in Twilio in the fourth quarter valued at approximately $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by insiders.

Twilio Price Performance

Shares of NYSE:TWLO traded up $1.26 during midday trading on Tuesday, hitting $96.94. 1,035,594 shares of the stock were exchanged, compared to its average volume of 2,640,460. The stock has a market cap of $14.80 billion, a P/E ratio of -151.13, a PEG ratio of 4.30 and a beta of 1.50. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a 50 day moving average price of $98.85 and a 200-day moving average price of $104.60.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on TWLO. Barclays increased their price target on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Monness Crespi & Hardt increased their price target on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Oppenheimer raised their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. William Blair restated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Finally, Wells Fargo & Company lowered their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.96.

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.