Raleigh Capital Management Inc. Buys 777 Shares of Twilio Inc. (NYSE:TWLO)

Raleigh Capital Management Inc. boosted its stake in shares of Twilio Inc. (NYSE:TWLO) by 15,540.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 782 shares of the technology company’s stock after purchasing an additional 777 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Twilio were worth $85,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TWLO. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group bought a new stake in shares of Twilio in the third quarter valued at approximately $46,000. Venturi Wealth Management LLC grew its stake in shares of Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank increased its position in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the period. Finally, Planning Capital Management Corp acquired a new position in Twilio during the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TWLO shares. Stifel Nicolaus boosted their price objective on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. TD Cowen boosted their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley raised their price objective on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Mizuho upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $85.00 to $140.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price target on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.74.

Twilio Stock Performance

TWLO stock opened at $113.12 on Friday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $117.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business has a fifty day moving average of $108.09 and a 200-day moving average of $80.45.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’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 sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by 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.