Parametrica Management Ltd Purchases Shares of 3,230 Twilio Inc. (NYSE:TWLO)

Parametrica Management Ltd bought a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,230 shares of the technology company's stock, valued at approximately $349,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock worth $600,447,000 after buying an additional 77,436 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock valued at $177,622,000 after acquiring an additional 33,824 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after purchasing an additional 99,786 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock valued at $56,541,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Goldentree Asset Management LP raised its position in Twilio by 13.5% in the 3rd quarter. Goldentree Asset Management LP now owns 798,102 shares of the technology company's stock worth $51,935,000 after purchasing an additional 94,645 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TWLO shares. Morgan Stanley upgraded shares of Twilio from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $144.00 to $160.00 in a research report on Monday, February 24th. Mizuho lifted their target price on shares of Twilio from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Piper Sandler reissued an "overweight" rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. StockNews.com cut Twilio from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Robert W. Baird upgraded Twilio from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

Twilio Stock Down 2.9 %

Shares of Twilio stock traded down $2.96 during trading hours on Friday, reaching $98.86. 1,343,537 shares of the company's stock were exchanged, compared to its average volume of 2,636,065. The stock 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. The company has a 50 day moving average of $120.55 and a two-hundred day moving average of $100.67. 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 Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued 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 firm 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%. On average, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.