Versor Investments LP Buys 1,509 Shares of Twilio Inc. (NYSE:TWLO)

Versor Investments LP boosted its position in shares of Twilio Inc. (NYSE:TWLO) by 12.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,109 shares of the technology company’s stock after buying an additional 1,509 shares during the period. Versor Investments LP’s holdings in Twilio were worth $920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TWLO. SouthState Corp boosted its stake in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Twilio during the 2nd quarter valued at $29,000. GAMMA Investing LLC increased its holdings in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. Venturi Wealth Management LLC raised its position in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares in the last quarter. Finally, Lynx Investment Advisory bought a new stake in Twilio during the second quarter valued at about $45,000. 84.27% of the stock is owned by institutional investors.

Insider Activity

In other Twilio news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the transaction, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,418 shares of company stock valued at $3,749,556. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

TWLO has been the subject of a number of recent analyst reports. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Needham & Company LLC lifted their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company upgraded Twilio from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $120.00 in a research note on Tuesday. Finally, Piper Sandler boosted their price target on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $81.36.

Twilio Price Performance

TWLO opened at $96.51 on Wednesday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $98.49. 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 firm’s 50-day moving average price is $69.27 and its 200 day moving average price is $62.48.

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.