Wahed Invest LLC Acquires Shares of 3,841 Twilio Inc. (NYSE:TWLO)

Wahed Invest LLC acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,841 shares of the technology company's stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC increased its position in Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after purchasing an additional 112 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock worth $14,341,000 after buying an additional 193,971 shares in the last quarter. American Trust bought a new position in shares of Twilio in the 3rd quarter valued at $224,000. Versant Capital Management Inc boosted its holdings in shares of Twilio by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company's stock valued at $126,000 after acquiring an additional 484 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock worth $92,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction on Tuesday, February 18th. The shares were 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 of the company's stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TWLO shares. William Blair reissued an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Monness Crespi & Hardt raised 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 boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Mizuho lowered their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $120.21.

Twilio Stock Up 3.0 %

NYSE:TWLO traded up $2.98 on Monday, hitting $103.09. The stock had a trading volume of 4,071,104 shares, compared to its average volume of 2,700,163. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The business's fifty day moving average is $97.04 and its 200 day moving average is $105.59. The company has a market cap of $15.74 billion, a PE ratio of -161.08, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS 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 during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.80 EPS. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts expect 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.