Trexquant Investment LP Purchases New Position in Twilio Inc. (NYSE:TWLO)

Trexquant Investment LP bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 256,640 shares of the technology company's stock, valued at approximately $27,738,000. Trexquant Investment LP owned approximately 0.17% of Twilio as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TWLO. Ritholtz Wealth Management bought a new stake in Twilio in the fourth quarter valued at about $344,000. Bleakley Financial Group LLC acquired a new position in Twilio during the fourth quarter valued at approximately $230,000. Zacks Investment Management bought a new position in shares of Twilio in the third quarter valued at $3,386,000. Aigen Investment Management LP increased its stake in shares of Twilio by 81.6% during 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 during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Twilio by 151.7% during the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock worth $2,820,000 after purchasing an additional 26,062 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Up 2.6 %

Shares of TWLO traded up $2.54 on Wednesday, hitting $100.71. 1,697,888 shares of the stock traded hands, compared to its average volume of 2,621,515. The stock's 50 day moving average is $119.72 and its two-hundred day moving average is $101.51. 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 1 year low of $52.51 and a 1 year high of $151.95. The firm has a market capitalization of $15.37 billion, a P/E ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.47.

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Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TWLO. Needham & Company LLC increased their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Morgan Stanley upgraded shares of Twilio from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Piper Sandler restated an "overweight" rating and issued a $142.00 target price (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Robert W. Baird raised Twilio from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Oppenheimer increased their price target on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,857 shares of company stock valued at $4,318,654 over the last quarter. Insiders own 4.50% of the company's stock.

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.