Aigen Investment Management LP Has $1.25 Million Stake in Twilio Inc. (NYSE:TWLO)

Aigen Investment Management LP boosted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 81.6% in the fourth quarter, HoldingsChannel reports. The firm owned 11,546 shares of the technology company’s stock after acquiring 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 reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in Twilio during the 4th quarter valued at $97,000. M&T Bank Corp boosted its position 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 buying an additional 85 shares during the last quarter. Atria Investments Inc bought a new position in Twilio in the 4th quarter valued at $489,000. State of Michigan Retirement System boosted its position in Twilio by 10.1% in the 4th quarter. State of Michigan Retirement System now owns 8,700 shares of the technology company’s stock valued at $940,000 after buying an additional 800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Twilio by 778.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,186 shares of the technology company’s stock valued at $128,000 after buying an additional 1,051 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

TWLO has been the topic of a number of recent research reports. Needham & Company LLC increased their price objective on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Mizuho raised their price target on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Finally, Oppenheimer raised their price target on Twilio from $90.00 to $160.00 and gave the stock an “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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Twilio Trading Up 1.7 %

Twilio stock opened at $116.73 on Thursday. 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. The stock has a market capitalization of $17.90 billion, a P/E ratio of -182.39, a PEG ratio of 4.30 and a beta of 1.47. The stock has a 50-day simple moving average of $123.38 and a 200 day simple moving average of $95.75.

Twilio (NYSE:TWLO) last posted its quarterly 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 positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Analysts expect 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.