Twilio Inc. (NYSE:TWLO) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 59.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,926 shares of the technology company’s stock after selling 60,533 shares during the period. Quadrature Capital Ltd’s holdings in Twilio were worth $2,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TWLO. SouthState Corp grew its stake in Twilio by 159.1% during 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 in the last quarter. True Wealth Design LLC grew its position in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio during the second quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Twilio in the third quarter valued at $46,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Up 0.3 %

Shares of NYSE:TWLO opened at $110.32 on Friday. The company has a 50 day moving average of $84.19 and a 200-day moving average of $67.58. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $16.92 billion, a P/E ratio of -42.93, a P/E/G ratio of 3.10 and a beta of 1.38. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $110.88.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,174 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,946 shares of company stock valued at $3,354,771 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen upped their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Finally, Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of “Hold” and an average price target of $85.87.

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.