Cooper Creek Partners Management LLC Has $31.95 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Cooper Creek Partners Management LLC decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 35.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,612 shares of the technology company's stock after selling 164,367 shares during the period. Cooper Creek Partners Management LLC owned approximately 0.19% of Twilio worth $31,950,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in shares of Twilio by 28.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,915 shares of the technology company's stock worth $1,504,000 after acquiring an additional 3,117 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Twilio by 30.7% in the 4th quarter. Sterling Capital Management LLC now owns 7,778 shares of the technology company's stock valued at $841,000 after purchasing an additional 1,826 shares in the last quarter. LSV Asset Management increased its position in shares of Twilio by 1.2% in the 4th quarter. LSV Asset Management now owns 151,440 shares of the technology company's stock worth $16,368,000 after purchasing an additional 1,740 shares during the last quarter. Scotia Capital Inc. acquired a new position in shares of Twilio in the 4th quarter worth approximately $1,142,000. Finally, APG Asset Management US Inc. bought a new stake in Twilio during the fourth quarter valued at $519,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley reduced 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. Baird R W raised Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. Piper Sandler reaffirmed an "overweight" rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Wells Fargo & Company increased their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group lifted their price target on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $132.13.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the company'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 transaction, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their position. 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 4.50% of the company's stock.

Twilio Trading Down 1.2 %

TWLO stock traded down $1.01 during midday trading on Friday, reaching $84.76. The stock had a trading volume of 1,493,706 shares, compared to its average volume of 2,636,129. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of -132.43, a PEG ratio of 4.30 and a beta of 1.50. 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 twelve month low of $52.51 and a twelve month high of $151.95. The business has a fifty day simple moving average of $105.06 and a two-hundred day simple moving average of $103.07.

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

Twilio 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.