Twilio Inc. (NYSE:TWLO) Shares Sold by Tobam

Tobam decreased its stake in Twilio Inc. (NYSE:TWLO) by 12.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,945 shares of the technology company’s stock after selling 2,700 shares during the period. Tobam’s holdings in Twilio were worth $2,048,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in shares of Twilio in the 2nd quarter valued at $918,000. SG Americas Securities LLC purchased a new stake in shares of Twilio in the third quarter valued at about $1,274,000. Atomi Financial Group Inc. boosted its stake in shares of Twilio by 25.4% during the third quarter. Atomi Financial Group Inc. now owns 5,496 shares of the technology company’s stock worth $358,000 after buying an additional 1,113 shares during the period. CWM LLC grew its holdings in shares of Twilio by 45.0% during the third quarter. CWM LLC now owns 20,569 shares of the technology company’s stock worth $1,342,000 after buying an additional 6,387 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Twilio by 450.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the technology company’s stock valued at $72,000 after acquiring an additional 900 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 0.1 %

Shares of NYSE TWLO opened at $147.22 on Friday. The firm’s 50-day moving average is $116.32 and its two-hundred day moving average is $86.30. The company has a market capitalization of $22.58 billion, a PE ratio of -57.28, a price-to-earnings-growth ratio of 3.58 and a beta of 1.42. 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.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,015 shares of company stock valued at $2,483,695. 4.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC lifted their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Barclays lifted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Piper Sandler reiterated an “overweight” rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, Tigress Financial raised their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

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.