Commerce Bank Buys 23,970 Shares of Twilio Inc. (NYSE:TWLO)

Commerce Bank lifted its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 725.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,273 shares of the technology company's stock after purchasing an additional 23,970 shares during the quarter. Commerce Bank's holdings in Twilio were worth $2,948,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Farringdon Capital Ltd. bought a new stake in shares of Twilio in the fourth quarter valued at about $309,000. Zacks Investment Management raised its position in Twilio by 211.0% in the 4th quarter. Zacks Investment Management now owns 161,472 shares of the technology company's stock valued at $17,452,000 after buying an additional 109,556 shares during the last quarter. Marshall Wace LLP lifted its stake in Twilio by 337.0% in the 4th quarter. Marshall Wace LLP now owns 510,778 shares of the technology company's stock valued at $55,205,000 after acquiring an additional 393,892 shares in the last quarter. Brandywine Managers LLC acquired a new position in Twilio during the 4th quarter worth approximately $255,000. Finally, NewEdge Advisors LLC grew its stake in shares of Twilio by 2,648.1% during the 4th quarter. NewEdge Advisors LLC now owns 7,310 shares of the technology company's stock worth $790,000 after acquiring an additional 7,044 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction 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 of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock valued at $2,344,149 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Performance

NYSE TWLO traded up $1.62 during trading on Friday, reaching $95.15. The company's stock had a trading volume of 2,272,895 shares, compared to its average volume of 2,639,455. The firm has a 50 day moving average price of $99.96 and a 200 day moving average price of $103.75. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of -148.67, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. 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 (NYSE:TWLO - Get Free Report) last announced 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Mizuho reduced their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC lifted their target price on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Morgan Stanley reduced their price target 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, StockNews.com lowered Twilio from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.30.

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.