Twilio Inc. (NYSE:TWLO) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 7.2% in the third quarter, HoldingsChannel.com reports. The firm owned 5,958 shares of the technology company’s stock after selling 461 shares during the period. Freedom Investment Management Inc.’s holdings in Twilio were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TWLO. Price T Rowe Associates Inc. MD grew its holdings in Twilio by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock worth $7,529,000 after acquiring an additional 3,780 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Twilio by 164.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,793 shares of the technology company’s stock worth $632,000 after purchasing an additional 6,716 shares in the last quarter. Tidal Investments LLC lifted its stake in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after purchasing an additional 166 shares during the last quarter. Comerica Bank lifted its position in shares of Twilio by 23.9% during the 1st quarter. Comerica Bank now owns 5,233 shares of the technology company’s stock valued at $320,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Twilio in the 1st quarter valued at $9,497,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the sale, the insider now directly owns 152,563 shares in the company, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,682 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $437,938.28. Following the completion of the transaction, the chief financial officer now owns 171,187 shares in the company, valued at $11,219,595.98. The trade was a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock valued at $3,354,771 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Performance

Shares of NYSE TWLO opened at $104.54 on Friday. The business’s 50-day simple moving average is $80.59 and its 200-day simple moving average is $66.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $108.44. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of -40.68, a P/E/G ratio of 2.97 and a beta of 1.32.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TWLO. Robert W. Baird boosted their price target on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Jefferies Financial Group upped their price target on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.87.

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.