Cooper Creek Partners Management LLC Cuts Position in Twilio Inc. (NYSE:TWLO)

Cooper Creek Partners Management LLC lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 35.7% during the 4th quarter, according to the company in its most recent disclosure 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 quarter. Cooper Creek Partners Management LLC owned about 0.19% of Twilio worth $31,950,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC boosted its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust grew its position in 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 acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Twilio in the fourth quarter worth $44,000. Private Trust Co. NA boosted its stake in shares of Twilio by 395.6% during the fourth 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 during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Twilio in the fourth quarter worth about $75,000. Institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Shares of TWLO traded up $1.87 during mid-day trading on Tuesday, hitting $88.29. The company's stock had a trading volume of 1,519,413 shares, compared to its average volume of 2,638,571. The firm has a 50-day simple moving average of $107.45 and a 200 day simple moving average of $103.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The firm has a market capitalization of $13.48 billion, a P/E ratio of -137.95, a P/E/G 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.

Remove Ads

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.19 billion. Analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. William Blair reissued an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Scotiabank raised their target price on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and increased their target price for the company from $115.00 to $160.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. One 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $134.26.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 three months, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by corporate insiders.

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.