Meeder Asset Management Inc. Acquires Shares of 7,072 Twilio Inc. (NYSE:TWLO)

Meeder Asset Management Inc. purchased a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,072 shares of the technology company's stock, valued at approximately $764,000.

A number of other institutional investors have also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC grew 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 buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC bought a new stake in Twilio in the fourth quarter valued at approximately $44,000. True Wealth Design LLC grew its holdings in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after purchasing an additional 416 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after buying an additional 360 shares during the period. Institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In other news, 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 completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction dated Monday, March 31st. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 40,857 shares of company stock worth $4,318,654 in the last ninety days. Insiders own 4.50% of the company's stock.

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Twilio Stock Up 2.6 %

Shares of TWLO traded up $2.54 on Wednesday, hitting $100.71. 1,697,888 shares of the stock traded hands, compared to its average volume of 2,621,515. The company has a market capitalization of $15.37 billion, a PE ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business has a 50 day simple moving average of $119.72 and a 200 day simple moving average of $101.51.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TWLO. Mizuho raised their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. William Blair restated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Robert W. Baird raised Twilio from a "neutral" rating to an "outperform" rating and upped their price target for the company from $115.00 to $160.00 in a research report on Friday, January 24th. Oppenheimer lifted their price objective on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, Piper Sandler restated an "overweight" rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and a consensus 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.