Hood River Capital Management LLC Buys Shares of 69,564 Twilio Inc. (NYSE:TWLO)

Hood River Capital Management LLC purchased a new position in Twilio Inc. (NYSE:TWLO) during the 4th quarter, Holdings Channel reports. The fund purchased 69,564 shares of the technology company’s stock, valued at approximately $7,518,000.

Several other institutional investors and hedge funds have also modified their holdings of TWLO. Tidal Investments LLC raised its holdings in Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the period. Franklin Resources Inc. raised its stake in shares of Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after buying an additional 193,971 shares during the period. American Trust purchased a new position in shares of Twilio during the 3rd quarter valued at about $224,000. Versant Capital Management Inc grew its stake in shares of Twilio by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company’s stock valued at $126,000 after acquiring an additional 484 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 3.9 %

Shares of NYSE TWLO opened at $87.10 on Thursday. 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. The business’s 50 day moving average is $100.60 and its two-hundred day moving average is $103.58. The stock has a market capitalization of $13.29 billion, a P/E ratio of -136.09, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last released its earnings results 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). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 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 transaction 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 approximately $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on TWLO. Barclays lifted their price target on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Scotiabank increased their price target on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Stifel Nicolaus boosted their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC lifted their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.61.

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.