Forum Financial Management LP Takes Position in Twilio Inc. (NYSE:TWLO)

Forum Financial Management LP purchased a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,551 shares of the technology company's stock, valued at approximately $492,000.

Other hedge funds also recently added to or reduced their stakes in the company. GeoWealth Management LLC increased its position in shares of Twilio by 59.3% during the 4th quarter. GeoWealth Management LLC now owns 943 shares of the technology company's stock valued at $102,000 after purchasing an additional 351 shares during the last quarter. Commerce Bank raised its position in shares of Twilio by 725.7% during the fourth quarter. Commerce Bank now owns 27,273 shares of the technology company's stock valued at $2,948,000 after buying an additional 23,970 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in shares of Twilio during the fourth quarter valued at about $309,000. Zacks Investment Management boosted its position in shares of Twilio by 211.0% during the 4th quarter. Zacks Investment Management now owns 161,472 shares of the technology company's stock valued at $17,452,000 after acquiring an additional 109,556 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Twilio by 337.0% in the 4th quarter. Marshall Wace LLP now owns 510,778 shares of the technology company's stock valued at $55,205,000 after acquiring an additional 393,892 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at $16,936,243.20. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 over the last ninety days. Company insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of NYSE:TWLO traded up $1.62 during midday trading on Friday, hitting $95.15. The company had a trading volume of 2,272,895 shares, compared to its average volume of 2,639,455. The business's 50-day simple moving average is $99.96 and its 200-day simple moving average is $103.75. 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 cap of $14.52 billion, a price-to-earnings ratio of -148.67, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on TWLO. Oppenheimer lifted their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. StockNews.com cut Twilio from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Scotiabank reduced their target price on Twilio from $160.00 to $130.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Robert W. Baird upgraded Twilio from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. One equities research 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. According to data from MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.30.

Twilio 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.