Optas LLC Takes Position in Twilio Inc. (NYSE:TWLO)

Optas LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,854 shares of the technology company’s stock, valued at approximately $200,000.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 929 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Twilio during the second quarter worth about $918,000. SG Americas Securities LLC acquired a new stake in shares of Twilio during the third quarter worth approximately $1,274,000. Azzad Asset Management Inc. ADV raised its stake in shares of Twilio by 9.0% in the third quarter. Azzad Asset Management Inc. ADV now owns 10,280 shares of the technology company’s stock valued at $670,000 after acquiring an additional 847 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in Twilio during the 3rd quarter worth approximately $1,288,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Down 0.6 %

NYSE TWLO opened at $145.75 on Wednesday. Twilio Inc. has a one year low of $52.51 and a one year 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. The firm has a market cap of $22.35 billion, a P/E ratio of -56.71, a P/E/G ratio of 3.58 and a beta of 1.42. The stock’s 50-day moving average is $114.62 and its 200-day moving average is $85.26.

Analyst Upgrades and Downgrades

A number of research firms have commented on TWLO. Oppenheimer boosted their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. UBS Group raised their price objective on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Piper Sandler reiterated an “overweight” rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Monness Crespi & Hardt raised their price target on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business’s 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 transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following 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 disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock valued at $2,483,695 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.