Twilio Inc. (NYSE:TWLO) Position Lessened by Rakuten Securities Inc.

Rakuten Securities Inc. reduced its stake in shares of Twilio Inc. (NYSE:TWLO) by 44.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 693 shares of the technology company’s stock after selling 546 shares during the period. Rakuten Securities Inc.’s holdings in Twilio were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. SouthState Corp lifted its position in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio during the second quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. Venturi Wealth Management LLC increased its position in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the period. Finally, Lynx Investment Advisory bought a new stake in Twilio during the 2nd quarter valued at $45,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TWLO has been the topic of a number of research analyst reports. Oppenheimer raised their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Piper Sandler boosted their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Sanford C. Bernstein increased their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Northland Securities boosted their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Robert W. Baird increased their price target on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Twilio currently has a consensus rating of “Hold” and a consensus target price of $81.36.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 1,989 shares of the stock in a transaction that occurred on 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 in the company, valued at $9,548,236.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,961 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,418 shares of company stock valued at $3,749,556 in the last three months. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $96.51 on Wednesday. The firm has a 50 day simple moving average of $69.27 and a 200 day simple moving average of $62.48. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $98.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

About Twilio

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.