27,000 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Monolith Management Ltd

Monolith Management Ltd acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,000 shares of the technology company's stock, valued at approximately $2,918,000. Twilio comprises approximately 1.5% of Monolith Management Ltd's holdings, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC increased its position in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after buying an additional 112 shares during the period. Franklin Resources Inc. lifted its stake in Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after buying an additional 193,971 shares during the last quarter. American Trust bought a new stake in Twilio in the third quarter valued at $224,000. Versant Capital Management Inc lifted its stake in Twilio by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company's stock valued at $126,000 after buying an additional 484 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock valued at $92,000 after buying an additional 170 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TWLO shares. Stifel Nicolaus raised their target price on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Oppenheimer lifted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Morgan Stanley lowered their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Scotiabank lowered their target price on Twilio from $160.00 to $130.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.65.

Insider Buying and Selling

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

Twilio Stock Down 1.4 %

Shares of TWLO stock traded down $1.34 on Wednesday, hitting $95.14. 1,701,661 shares of the stock were exchanged, compared to its average volume of 3,097,326. 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 firm has a market capitalization of $14.52 billion, a P/E ratio of -148.66, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The business has a 50-day moving average of $98.42 and a 200 day moving average of $104.54. 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 posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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%. Equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

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.