Resonant Capital Advisors LLC purchased a new stake in Twilio Inc. (NYSE:TWLO – Free Report) during the first quarter, HoldingsChannel.com reports. The fund purchased 2,538 shares of the technology company’s stock, valued at approximately $319,000.
Several other hedge funds have also bought and sold shares of the stock. Raleigh Capital Management Inc. bought a new position in shares of Twilio during the 4th quarter valued at about $26,000. SHP Wealth Management bought a new stake in shares of Twilio in the fourth quarter worth about $26,000. Zions Bancorporation National Association UT bought a new stake in shares of Twilio in the fourth quarter worth about $29,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Twilio in the fourth quarter worth about $29,000. Finally, Osbon Capital Management LLC purchased a new stake in shares of Twilio in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.
Twilio Stock Up 1.9%
Shares of NYSE:TWLO opened at $216.03 on Thursday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.13. Twilio Inc. has a 12 month low of $91.84 and a 12 month high of $238.48. The company has a 50-day moving average price of $196.67 and a 200 day moving average price of $151.68. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 337.55, a PEG ratio of 4.22 and a beta of 1.36.
Insider Buying and Selling
In other news, CEO Khozema Shipchandler sold 14,458 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $210.43, for a total transaction of $3,042,396.94. Following the transaction, the chief executive officer owned 207,203 shares of the company’s stock, valued at approximately $43,601,727.29. The trade was a 6.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Stafman sold 1,000,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $184.14, for a total value of $184,140,000.00. Following the sale, the director owned 620,000 shares in the company, valued at $114,166,800. The trade was a 61.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,805,780 shares of company stock valued at $342,166,703 over the last quarter. Company insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TWLO. Weiss Ratings upgraded Twilio from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on Twilio from $147.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Twilio in a report on Friday, May 1st. Rosenblatt Securities reiterated a “buy” rating and set a $230.00 target price on shares of Twilio in a research report on Thursday, June 18th. Finally, Monness Crespi & Hardt raised their target price on shares of Twilio from $200.00 to $246.00 and gave the company a “buy” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $207.41.
Read Our Latest Stock Analysis on TWLO
Twilio Company Profile
Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.
The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real?time video applications, and Twilio Authy for multi?factor authentication.
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