Proficio Capital Partners LLC Invests $97,000 in Twilio Inc. (NYSE:TWLO)

Proficio Capital Partners LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 97,488 shares of the technology company's stock, valued at approximately $97,000. Proficio Capital Partners LLC owned approximately 0.06% of Twilio as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in shares of Twilio in the 3rd quarter worth about $253,000. Cerity Partners LLC lifted its holdings in Twilio by 41.0% in the third quarter. Cerity Partners LLC now owns 65,168 shares of the technology company's stock worth $4,250,000 after acquiring an additional 18,960 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Twilio by 151.7% in the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock valued at $2,820,000 after acquiring an additional 26,062 shares during the period. Dai ichi Life Insurance Company Ltd bought a new position in shares of Twilio during the third quarter valued at approximately $448,000. Finally, FMR LLC raised its position in shares of Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock worth $600,447,000 after purchasing an additional 77,436 shares during the period. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 in the last quarter. Company insiders own 4.50% of the company's stock.

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Twilio Stock Up 0.0 %

Shares of TWLO traded up $0.05 during mid-day trading on Wednesday, reaching $98.22. The company's stock had a trading volume of 194,197 shares, compared to its average volume of 2,615,331. The company has a market cap of $14.99 billion, a price-to-earnings ratio of -153.47, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The business has a fifty day moving average of $119.96 and a 200 day moving average of $101.51. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95.

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

Analysts Set New Price Targets

Several brokerages have weighed in on TWLO. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research report on Tuesday. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $144.00 to $160.00 in a report on Monday, February 24th. Mizuho boosted their target price on shares of Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. Finally, Barclays boosted their price objective on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $135.35.

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.