Redwood Investment Management LLC Purchases Shares of 13,290 Twilio Inc. (NYSE:TWLO)

Redwood Investment Management LLC acquired a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,290 shares of the technology company's stock, valued at approximately $1,436,000.

Other large investors also recently modified their holdings of the company. Ritholtz Wealth Management acquired a new stake in shares of Twilio during the 4th quarter valued at about $344,000. Bleakley Financial Group LLC acquired a new stake in shares of Twilio in the fourth quarter valued at $230,000. Aigen Investment Management LP raised its stake in shares of Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after acquiring an additional 5,188 shares during the last quarter. Highland Capital Management LLC bought a new position in Twilio in the 4th quarter worth approximately $912,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Twilio during the fourth quarter valued at $860,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TWLO shares. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. Monness Crespi & Hardt lifted their price objective on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Needham & Company LLC lowered their target price on shares of Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Barclays boosted their price objective on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group dropped their price target on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.41.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of 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. Insiders have sold 23,471 shares of company stock worth $2,344,149 in the last 90 days. Insiders own 0.21% of the company's stock.

Twilio Price Performance

Shares of NYSE:TWLO opened at $114.04 on Friday. The company has a 50 day moving average of $96.46 and a 200 day moving average of $107.20. 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 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market cap of $17.41 billion, a P/E ratio of -178.19, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.80 earnings per share. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal 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.

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