Yousif Capital Management LLC Invests $233,000 in Twilio Inc. (NYSE:TWLO)

Yousif Capital Management LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,155 shares of the technology company's stock, valued at approximately $233,000.

Several other hedge funds have also recently modified their holdings of TWLO. True Wealth Design LLC boosted its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after buying an additional 416 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Twilio in the third quarter valued at approximately $46,000. Venturi Wealth Management LLC boosted its position in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock valued at $48,000 after buying an additional 493 shares during the last quarter. Huntington National Bank boosted its position in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company's stock valued at $51,000 after buying an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp purchased a new stake in Twilio in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company's stock, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company's stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,406 shares of company stock valued at $2,656,889. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Tigress Financial upped their target price on Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Piper Sandler reiterated an "overweight" rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Robert W. Baird upgraded Twilio from a "neutral" rating to an "outperform" rating and upped their target price for the company from $115.00 to $160.00 in a research report on Friday, January 24th. Scotiabank upped their price objective on Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group upped their price objective on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and a consensus price target of $130.91.

Twilio Price Performance

NYSE TWLO traded down $3.84 during mid-day trading on Friday, hitting $114.16. The stock had a trading volume of 3,304,604 shares, compared to its average volume of 3,993,473. The firm's 50 day moving average is $122.06 and its 200 day moving average is $91.96. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of -178.37, a PEG ratio of 4.54 and a beta of 1.43.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Equities research analysts forecast that Twilio Inc. will post 1.4 earnings per share for the current fiscal year.

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.