7,077 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Quantessence Capital LLC

Quantessence Capital LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,077 shares of the technology company's stock, valued at approximately $765,000.

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

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 7,524 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 value of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This trade represents a 4.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 in the last ninety days. Company insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TWLO shares. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. Scotiabank lowered their price target on shares of Twilio from $160.00 to $130.00 and set a "sector outperform" rating for the company in a research report on Thursday. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $115.00 to $160.00 in a research note on Friday, January 24th. Finally, Needham & Company LLC lifted their price target on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $129.30.

Twilio Stock Performance

Shares of TWLO stock traded up $0.19 during midday trading on Friday, hitting $93.72. 87,738 shares of the company were exchanged, compared to its average volume of 2,630,932. The firm's 50 day moving average price is $99.96 and its two-hundred day moving average price is $103.75. The firm has a market capitalization of $14.31 billion, a P/E ratio of -146.20, a PEG ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. 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 released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

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.