KLP Kapitalforvaltning AS Takes $8.71 Million Position in Twilio Inc. (NYSE:TWLO)

KLP Kapitalforvaltning AS purchased a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 80,600 shares of the technology company's stock, valued at approximately $8,711,000. KLP Kapitalforvaltning AS owned 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 stake 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 acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its position 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 purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Twilio in the 4th quarter worth $44,000. True Wealth Design LLC grew its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after buying an additional 416 shares in the last quarter. Finally, Private Trust Co. NA increased 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 buying an additional 360 shares during the period. Institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company's stock.

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Twilio Stock Performance

NYSE:TWLO traded down $2.96 during midday trading on Friday, hitting $98.86. The company's stock had a trading volume of 1,343,537 shares, compared to its average volume of 2,636,065. The firm has a market cap of $15.09 billion, a P/E ratio of -154.47, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The firm's 50 day moving average is $120.55 and its 200-day moving average is $100.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TWLO. Piper Sandler reiterated an "overweight" rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Oppenheimer increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Mizuho boosted their price objective on shares of Twilio from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Needham & Company LLC increased 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. Finally, Jefferies Financial Group boosted their price target on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.35.

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.