Aigen Investment Management LP Buys 5,188 Shares of Twilio Inc. (NYSE:TWLO)

Aigen Investment Management LP boosted its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 81.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,546 shares of the technology company's stock after purchasing an additional 5,188 shares during the period. Aigen Investment Management LP's holdings in Twilio were worth $1,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. M&T Bank Corp lifted its stake in Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP raised its stake in shares of Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after acquiring an additional 94 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after acquiring an additional 104 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock valued at $1,152,000 after acquiring an additional 112 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company's stock valued at $67,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

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Twilio Stock Down 2.5 %

Shares of NYSE TWLO traded down $2.73 during mid-day trading on Friday, reaching $106.08. 5,235,260 shares of the company's stock traded hands, compared to its average volume of 3,765,060. The stock has a market cap of $16.27 billion, a P/E ratio of -165.75, a PEG ratio of 4.30 and a beta of 1.47. The business has a 50-day simple moving average of $123.26 and a 200 day simple moving average of $96.39. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for 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, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,391 shares of the firm'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 transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock worth $2,441,324 over the last three months. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. Monness Crespi & Hardt raised their price target on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Monday, January 27th. William Blair reaffirmed an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Stifel Nicolaus increased their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Piper Sandler reiterated an "overweight" rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Scotiabank increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $134.26.

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.