Twilio Inc. (NYSE:TWLO) Stock Position Increased by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in Twilio Inc. (NYSE:TWLO) by 81.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,546 shares of the technology company’s stock after buying an additional 5,188 shares during the period. Aigen Investment Management LP’s holdings in Twilio were worth $1,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management acquired a new stake in shares of Twilio during the fourth quarter worth $344,000. KBC Group NV raised its position in shares of Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of Twilio during the fourth quarter worth $230,000. Zacks Investment Management acquired a new stake in shares of Twilio during the third quarter worth $3,386,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares during the period. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock valued at $2,441,324 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. 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. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Piper Sandler reissued an “overweight” rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given 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 an average price target of $134.26.

Twilio Price Performance

Shares of NYSE:TWLO opened at $116.73 on Thursday. The business has a 50 day moving average price of $123.38 and a 200 day moving average price of $95.75. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a market cap of $17.90 billion, a price-to-earnings ratio of -182.39, a PEG ratio of 4.30 and a beta of 1.47. 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 (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Twilio Company 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.