Driehaus Capital Management LLC Invests $8.36 Million in Twilio Inc. (NYSE:TWLO)

Driehaus Capital Management LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 77,329 shares of the technology company's stock, valued at approximately $8,358,000. Driehaus Capital Management LLC owned approximately 0.05% of Twilio at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. JFS Wealth Advisors LLC raised its holdings in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio in the 4th quarter valued at about $44,000. Private Trust Co. NA raised its holdings in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Twilio in the 4th quarter valued at about $75,000. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

Shares of TWLO stock traded up $5.42 during trading hours on Monday, hitting $111.11. The company's stock had a trading volume of 2,775,743 shares, compared to its average volume of 2,666,642. The company has a 50 day moving average of $95.86 and a 200 day moving average of $106.80. The stock has a market cap of $16.96 billion, a PE ratio of -173.60, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. On average, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TWLO shares. Oppenheimer boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and boosted their price objective for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. Scotiabank boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Tigress Financial reiterated a "buy" rating and set a $170.00 price objective on shares of Twilio in a research note on Thursday. Finally, Needham & Company LLC reduced their price objective on shares of Twilio from $165.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate 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.