Versor Investments LP Acquires 1,509 Shares of Twilio Inc. (NYSE:TWLO)

Versor Investments LP increased its stake in Twilio Inc. (NYSE:TWLO) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,109 shares of the technology company’s stock after buying an additional 1,509 shares during the period. Versor Investments LP’s holdings in Twilio were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TWLO. SouthState Corp increased its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio in the second quarter worth $29,000. GAMMA Investing LLC lifted its holdings in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory purchased a new stake in shares of Twilio during the second quarter valued at $45,000. Finally, Venturi Wealth Management LLC increased its holdings in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 2.6 %

Shares of NYSE TWLO opened at $96.51 on Wednesday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $98.49. 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 business’s 50 day moving average is $69.27 and its two-hundred day moving average is $62.48.

Analyst Ratings Changes

Several research firms have recently weighed in on TWLO. Barclays boosted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Needham & Company LLC raised their target price on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $120.00 in a research note on Tuesday. Robert W. Baird upped their target price on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein boosted their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $81.36.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Twilio news, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the completion of the sale, the insider now owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the transaction, the chief executive officer now directly owns 267,090 shares in the company, valued at approximately $17,678,687.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,418 shares of company stock worth $3,749,556. 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.