Forte Capital LLC ADV Sells 12,390 Shares of Twilio Inc. (NYSE:TWLO)

Forte Capital LLC ADV cut its position in Twilio Inc. (NYSE:TWLO) by 29.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,225 shares of the technology company’s stock after selling 12,390 shares during the quarter. Forte Capital LLC ADV’s holdings in Twilio were worth $1,971,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. SouthState Corp boosted its position in 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Twilio in the second quarter valued at about $29,000. GAMMA Investing LLC increased its stake in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the last quarter. Lynx Investment Advisory bought a new stake in Twilio during the second quarter worth $45,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after purchasing an additional 260 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley upped their price objective on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Tigress Financial boosted their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. The Goldman Sachs Group upped their target price on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Twilio from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Oppenheimer upped their target price on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $79.55.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 1,989 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value 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 approximately $9,548,236.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,418 shares of company stock valued at $3,749,556 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Price Performance

TWLO opened at $90.31 on Thursday. The stock has a fifty day simple moving average of $67.46 and a two-hundred day simple moving average of $61.77. The company has a market cap of $14.50 billion, a price-to-earnings ratio of -35.14, a price-to-earnings-growth ratio of 3.89 and a beta of 1.32. 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 12-month low of $52.51 and a 12-month high of $91.19.

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.