Proem Advisors LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Proem Advisors LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the technology company’s stock, valued at approximately $3,242,000. Twilio comprises 0.9% of Proem Advisors LLC’s portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in TWLO. Ritholtz Wealth Management bought a new position in Twilio during the 4th quarter valued at about $344,000. Bleakley Financial Group LLC purchased a new stake in shares of Twilio in the fourth quarter worth approximately $230,000. Zacks Investment Management bought a new stake in shares of Twilio during the 3rd quarter worth approximately $3,386,000. Aigen Investment Management LP boosted its holdings in Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after acquiring an additional 5,188 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Twilio by 151.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock valued at $2,820,000 after acquiring an additional 26,062 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Mizuho boosted their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group raised their target price on shares of Twilio from $105.00 to $145.00 and gave the stock 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 report on Friday, January 24th. Finally, Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $160.00 in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.35.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 7,524 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 transaction of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares of the company’s stock, valued at $16,936,243.20. This trade represents a 4.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,857 shares of company stock worth $4,318,654 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Performance

Shares of TWLO opened at $89.02 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a 50-day moving average of $119.24 and a two-hundred day moving average of $101.42. The stock has a market cap of $13.59 billion, a P/E ratio of -139.09, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. As a group, research analysts predict that Twilio Inc. will post 1.44 EPS 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.