Twilio Inc. (NYSE:TWLO) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its position in Twilio Inc. (NYSE:TWLO) by 22.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 422,147 shares of the technology company’s stock after selling 124,548 shares during the quarter. Voloridge Investment Management LLC’s holdings in Twilio were worth $45,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Twilio during the fourth quarter worth about $301,258,000. Norges Bank acquired a new stake in Twilio in the 4th quarter worth about $222,146,000. Two Sigma Investments LP grew its holdings in Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after buying an additional 1,048,619 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in shares of Twilio during the 4th quarter valued at about $111,312,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TWLO has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective 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 increased their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Tigress Financial reiterated a “buy” rating and issued a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.41.

Twilio Price Performance

TWLO stock opened at $117.43 on Wednesday. The firm has a market cap of $17.92 billion, a P/E ratio of -183.48, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The stock has a 50-day simple moving average of $97.50 and a 200-day simple moving average of $108.24.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business earned $0.80 EPS. Twilio’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 14,545 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the transaction, the chief executive officer now owns 280,589 shares in the company, valued at approximately $25,704,758.29. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,284 shares of company stock valued at $4,520,567. Corporate insiders own 0.21% 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.