Cerity Partners LLC Buys 21,353 Shares of Twilio Inc. (NYSE:TWLO)

Cerity Partners LLC grew its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 32.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,521 shares of the technology company's stock after acquiring an additional 21,353 shares during the period. Cerity Partners LLC owned 0.06% of Twilio worth $9,169,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TWLO. JFS Wealth Advisors LLC boosted its position in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in Twilio in the 4th quarter valued at $44,000. Private Trust Co. NA grew its stake in 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 buying an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Twilio in the 4th quarter worth $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 4.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TWLO shares. Oppenheimer raised their price target on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and raised their target price for the company from $77.00 to $185.00 in a report on Monday, January 27th. Morgan Stanley upgraded Twilio from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $144.00 to $160.00 in a report on Monday, February 24th. Piper Sandler restated 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. Finally, Stifel Nicolaus upped their target price on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.26.

Twilio Price Performance

TWLO stock traded down $1.72 during midday trading on Wednesday, reaching $86.59. 464,369 shares of the company's stock traded hands, compared to its average volume of 3,179,876. The company has a 50-day simple moving average of $107.45 and a two-hundred day simple moving average of $103.06. 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 1-year low of $52.51 and a 1-year high of $151.95. The company has a market cap of $13.22 billion, a price-to-earnings ratio of -135.29, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

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.