Captrust Financial Advisors Acquires 6,709 Shares of Twilio Inc. (NYSE:TWLO)

Captrust Financial Advisors lifted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 31.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,066 shares of the technology company's stock after purchasing an additional 6,709 shares during the period. Captrust Financial Advisors' holdings in Twilio were worth $3,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TWLO. Franklin Resources Inc. grew its holdings in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock worth $14,341,000 after purchasing an additional 193,971 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Twilio by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock worth $92,000 after purchasing an additional 170 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Twilio by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,902 shares of the technology company's stock worth $1,611,000 after purchasing an additional 290 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Twilio during the fourth quarter worth about $270,000. Finally, Cooper Financial Group bought a new stake in Twilio in the 4th quarter worth approximately $240,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

TWLO traded up $1.69 during midday trading on Friday, reaching $115.92. 1,572,516 shares of the company's stock were exchanged, compared to its average volume of 2,661,804. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of -181.13, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The business has a 50-day simple moving average of $96.46 and a two-hundred day simple moving average of $107.20.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $0.80 earnings per share. Twilio's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on TWLO shares. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. The Goldman Sachs Group boosted their price objective on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Monness Crespi & Hardt boosted their price objective on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Morgan Stanley lowered their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler boosted their price objective on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average target price of $124.41.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 0.21% of the company's stock.

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.