Regal Partners Ltd Invests $367,000 in Twilio Inc. (NYSE:TWLO)

Regal Partners Ltd acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,397 shares of the technology company's stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC boosted its stake in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Twilio by 79.4% in 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 last quarter. Centricity Wealth Management LLC bought a new position in shares of Twilio in the 4th quarter worth $44,000. Private Trust Co. NA grew its stake in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Twilio in the fourth quarter valued at about $75,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TWLO shares. Monness Crespi & Hardt boosted their target price on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group cut their target price on shares of Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a report on Monday. Royal Bank of Canada reissued an "underperform" rating and issued a $75.00 price target on shares of Twilio in a report on Wednesday, March 19th. Needham & Company LLC lowered their price objective on shares of Twilio from $165.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.13.

Twilio Stock Up 2.3 %

TWLO traded up $2.23 on Friday, hitting $100.11. 7,162,474 shares of the company were exchanged, compared to its average volume of 2,692,843. The stock's fifty day moving average is $97.36 and its 200-day moving average is $104.88. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $15.28 billion, a PE ratio of -156.42, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The business's revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. Insiders own 4.50% of the company's stock.

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.