Archon Capital Management LLC Reduces Stock Holdings in Twilio Inc. (NYSE:TWLO)

Archon Capital Management LLC reduced its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 82.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,000 shares of the technology company's stock after selling 48,400 shares during the quarter. Twilio comprises about 1.1% of Archon Capital Management LLC's portfolio, making the stock its 28th biggest position. Archon Capital Management LLC's holdings in Twilio were worth $1,081,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio in the 4th quarter worth $44,000. Private Trust Co. NA raised its holdings in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Twilio during the fourth quarter worth about $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,471 shares of company stock valued at $2,344,149. Insiders own 4.50% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TWLO shares. Scotiabank boosted their target price on Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Tigress Financial raised their target price on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. StockNews.com lowered shares of Twilio from a "buy" rating to a "hold" rating in a research report on Friday. Monness Crespi & Hardt lifted their price objective on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group raised their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio has an average rating of "Moderate Buy" and an average target price of $134.26.

Twilio Price Performance

Shares of Twilio stock traded up $1.87 on Tuesday, hitting $88.29. 1,519,413 shares of the company traded hands, compared to its average volume of 2,638,569. The company has a market cap of $13.48 billion, a P/E ratio of -137.95, a P/E/G ratio of 4.30 and a beta of 1.50. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The firm's 50-day simple moving average is $108.62 and its 200 day simple moving average is $103.16.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Analysts expect that Twilio Inc. will post 1.44 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.