Summit Trail Advisors LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Summit Trail Advisors LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,078 shares of the technology company’s stock, valued at approximately $657,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC grew its stake in Twilio by 2.2% in the 4th quarter. Savant Capital LLC now owns 27,707 shares of the technology company’s stock valued at $2,995,000 after acquiring an additional 606 shares during the period. Empowered Funds LLC purchased a new position in Twilio during the fourth quarter valued at $294,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Twilio in the fourth quarter valued at about $860,000. Kingsview Wealth Management LLC purchased a new stake in shares of Twilio during the fourth quarter worth about $283,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Twilio during the fourth quarter worth about $290,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Northland Securities raised their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Piper Sandler restated an “overweight” rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Finally, Stifel Nicolaus upped their target price on shares of Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Twilio has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the 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 $17,476,480.50. This represents a 4.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,015 shares of company stock worth $2,483,695. Insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of TWLO opened at $143.04 on Wednesday. The firm has a 50-day simple moving average of $118.81 and a two-hundred day simple moving average of $88.36. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

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.