Picton Mahoney Asset Management Purchases 88,515 Shares of Twilio Inc. (NYSE:TWLO)

Picton Mahoney Asset Management increased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 465,868.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,534 shares of the technology company's stock after acquiring an additional 88,515 shares during the period. Picton Mahoney Asset Management owned about 0.06% of Twilio worth $9,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ritholtz Wealth Management bought a new stake in Twilio during the 4th quarter worth $344,000. KBC Group NV grew its position in Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company's stock worth $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Twilio in the 4th quarter valued at about $230,000. Zacks Investment Management bought a new stake in shares of Twilio in the 3rd quarter valued at about $3,386,000. Finally, Aigen Investment Management LP grew its position in shares of Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after buying an additional 5,188 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,391 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were 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. This represents 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 over the last three months. Corporate insiders own 4.50% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TWLO shares. Jefferies Financial Group upped their price target on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Piper Sandler reiterated an "overweight" rating and issued a $142.00 price target (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 price target for the company from $115.00 to $160.00 in a research report on Friday, January 24th. Mizuho upped their price target on Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $144.00 to $160.00 in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Twilio Stock Up 3.7 %

Shares of Twilio stock traded up $3.70 on Wednesday, hitting $102.96. The company had a trading volume of 1,996,105 shares, compared to its average volume of 2,631,633. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of -160.88, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The stock has a 50 day moving average of $121.75 and a 200-day moving average of $98.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last issued 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). The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current 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.