Captrust Financial Advisors Has $3.03 Million Position in Twilio Inc. (NYSE:TWLO)

Captrust Financial Advisors lifted its stake in shares of Twilio Inc. (NYSE:TWLO) by 31.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,066 shares of the technology company’s stock after buying an additional 6,709 shares during the quarter. Captrust Financial Advisors’ holdings in Twilio were worth $3,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TWLO. Ritholtz Wealth Management bought a new stake in shares of Twilio during the fourth quarter worth approximately $344,000. Bleakley Financial Group LLC acquired a new position in Twilio in the 4th quarter valued at $230,000. Aigen Investment Management LP increased its position in Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after buying an additional 5,188 shares during the period. Highland Capital Management LLC bought a new position in Twilio during the 4th quarter worth $912,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth $860,000. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. Tigress Financial reissued a “buy” rating and set a $170.00 price target on shares of Twilio in a research report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.41.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. Company insiders own 0.21% of the company’s stock.

Twilio Stock Up 0.5 %

Shares of TWLO opened at $105.71 on Friday. The company has a market capitalization of $16.13 billion, a PE ratio of -165.17, a PEG ratio of 4.30 and a beta of 1.44. The stock’s 50-day moving average price is $95.98 and its two-hundred day moving average price is $106.27. 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 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

About Twilio

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.