1,029,907 Shares in Twilio Inc. (NYSE:TWLO) Bought by Whale Rock Capital Management LLC

Whale Rock Capital Management LLC bought a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,029,907 shares of the technology company's stock, valued at approximately $111,312,000. Twilio accounts for about 1.3% of Whale Rock Capital Management LLC's investment portfolio, making the stock its 29th biggest position. Whale Rock Capital Management LLC owned approximately 0.67% of Twilio at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its stake in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Twilio during the 4th quarter valued at approximately $44,000. Private Trust Co. NA raised its stake in Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after acquiring an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Twilio during the 4th quarter valued at approximately $75,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The shares were 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 trade represents a 3.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,784 shares of company stock worth $4,226,942. 0.21% of the stock is owned by insiders.

Twilio Price Performance

Shares of TWLO traded down $2.17 on Friday, reaching $113.71. The stock had a trading volume of 1,957,920 shares, compared to its average volume of 2,684,779. The firm has a market capitalization of $17.36 billion, a PE ratio of -177.67, a PEG 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. The firm has a 50-day moving average of $98.42 and a 200 day moving average of $108.78. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TWLO. Mizuho cut their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Scotiabank increased their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Piper Sandler increased their target price on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Royal Bank of Canada reissued an "underperform" rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group cut their target price on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $124.41.

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.