Catalyst Funds Management Pty Ltd Buys 800 Shares of Twilio Inc. (NYSE:TWLO)

Catalyst Funds Management Pty Ltd lifted its holdings in Twilio Inc. (NYSE:TWLO) by 66.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the technology company’s stock after acquiring an additional 800 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Twilio were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TWLO. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Twilio by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company’s stock worth $24,507,000 after acquiring an additional 3,238 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Twilio by 41.8% in the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock worth $2,537,000 after acquiring an additional 11,472 shares in the last quarter. KBC Group NV raised its position in shares of Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Huntington National Bank increased its position in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after buying an additional 182 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Trading Up 4.2 %

NYSE:TWLO opened at $98.90 on Monday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $15.10 billion, a PE ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm’s 50 day moving average is $122.22 and its 200 day moving average is $98.00. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

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). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Morgan Stanley raised Twilio from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $144.00 to $160.00 in a research report on Monday, February 24th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and boosted their target price for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, Scotiabank boosted their target price on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Twilio currently has an average rating of “Moderate Buy” and a consensus price target of $134.26.

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.