Martingale Asset Management L P Has $3.86 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Martingale Asset Management L P cut its holdings in shares of Twilio Inc. (NYSE:TWLO) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,725 shares of the technology company’s stock after selling 5,848 shares during the period. Martingale Asset Management L P’s holdings in Twilio were worth $3,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWLO. Ritholtz Wealth Management bought a new stake in Twilio in the 4th quarter worth about $344,000. Bleakley Financial Group LLC bought a new stake in Twilio in the 4th quarter worth about $230,000. Aigen Investment Management LP grew its position in Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 5,188 shares in the last quarter. Highland Capital Management LLC bought a new stake in Twilio in the 4th quarter worth about $912,000. Finally, Moloney Securities Asset Management LLC bought a new stake in Twilio in the 4th quarter worth about $860,000. 84.27% of the stock is owned by institutional investors.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction 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 transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,471 shares of company stock valued at $2,344,149. Insiders own 4.50% of the company’s stock.

Twilio Stock Up 13.1 %

Shares of NYSE:TWLO opened at $92.02 on Thursday. The firm has a fifty day moving average price of $112.24 and a two-hundred day moving average price of $102.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a market cap of $14.05 billion, a price-to-earnings ratio of -143.78, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Ratings Changes

TWLO has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. Monness Crespi & Hardt increased their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Piper Sandler reissued an “overweight” rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Scotiabank increased their target price on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

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.