Atomi Financial Group Inc. Grows Stock Holdings in Twilio Inc. (NYSE:TWLO)

Atomi Financial Group Inc. grew its holdings in Twilio Inc. (NYSE:TWLO) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,733 shares of the technology company’s stock after acquiring an additional 237 shares during the period. Atomi Financial Group Inc.’s holdings in Twilio were worth $620,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Alpha Cubed Investments LLC purchased a new stake in Twilio during the fourth quarter worth $1,186,000. Crossmark Global Holdings Inc. boosted its holdings in Twilio by 15.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 22,730 shares of the technology company’s stock worth $2,457,000 after buying an additional 3,090 shares in the last quarter. DLK Investment Management LLC purchased a new stake in Twilio during the fourth quarter worth $254,000. Aaron Wealth Advisors LLC purchased a new stake in Twilio during the fourth quarter worth $393,000. Finally, Kera Capital Partners Inc. purchased a new stake in Twilio during the fourth quarter worth $247,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

Twilio stock opened at $113.12 on Friday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $117.92. The stock has a market cap of $17.35 billion, a P/E ratio of -44.02, a PEG ratio of 2.24 and a beta of 1.38. The company has a 50-day moving average price of $108.09 and a 200 day moving average price of $80.45. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock worth $2,844,655 over the last three months. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Jefferies Financial Group increased their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Twilio currently has a consensus rating of “Hold” and an average target price of $93.74.

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.