SkyOak Wealth LLC Purchases Shares of 2,933 Twilio Inc. (NYSE:TWLO)

SkyOak Wealth LLC acquired a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, HoldingsChannel reports. The firm acquired 2,933 shares of the technology company’s stock, valued at approximately $317,000.

A number of other large investors also recently modified their holdings of the stock. True Wealth Design LLC increased its stake in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Twilio in the third quarter valued at approximately $46,000. Venturi Wealth Management LLC increased its position in shares of Twilio by 205.4% during the third 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 last quarter. Huntington National Bank lifted its holdings 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 purchased a new position in Twilio in the third quarter worth $53,000. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

TWLO stock opened at $146.58 on Monday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. 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 company’s 50 day moving average is $113.79 and its 200 day moving average is $84.46.

Insider Activity

In related 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 value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,015 shares of company stock worth $2,483,695. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Monness Crespi & Hardt lifted their target price on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Morgan Stanley lifted their price target on shares of Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Tigress Financial increased their price objective on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Twilio Company 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.