Rockefeller Capital Management L.P. Buys 3,117 Shares of Twilio Inc. (NYSE:TWLO)

Rockefeller Capital Management L.P. raised its position in Twilio Inc. (NYSE:TWLO - Free Report) by 28.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,915 shares of the technology company's stock after purchasing an additional 3,117 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Twilio were worth $1,504,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TWLO. JFS Wealth Advisors LLC lifted its stake in Twilio by 244.0% in the 4th 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 holdings in shares of Twilio by 79.4% in the fourth 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 during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio in the fourth quarter worth $44,000. Private Trust Co. NA boosted its holdings in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Twilio in the fourth quarter valued at $75,000. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TWLO. Jefferies Financial Group boosted their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Barclays upped their target price on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Robert W. Baird upgraded Twilio from a "neutral" rating to an "outperform" rating and raised their price target for the company from $115.00 to $160.00 in a research note on Friday, January 24th. Piper Sandler reiterated an "overweight" rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, Baird R W raised Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.30.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by corporate insiders.

Twilio Price Performance

Twilio stock traded up $6.33 during mid-day trading on Thursday, reaching $93.46. 1,530,118 shares of the company were exchanged, compared to its average volume of 3,108,849. The firm has a market cap of $14.26 billion, a PE ratio of -146.03, a PEG ratio of 4.30 and a beta of 1.50. The company has a fifty day simple moving average of $100.60 and a 200-day simple moving average of $103.58. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. 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 released its 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.