Crossmark Global Holdings Inc. Purchases 3,090 Shares of Twilio Inc. (NYSE:TWLO)

Crossmark Global Holdings Inc. raised its holdings in Twilio Inc. (NYSE:TWLO) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,730 shares of the technology company’s stock after buying an additional 3,090 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Twilio were worth $2,457,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TWLO. DLK Investment Management LLC purchased a new position in shares of Twilio during the 4th quarter valued at approximately $254,000. Aaron Wealth Advisors LLC acquired a new position in Twilio during the fourth quarter worth $393,000. Kera Capital Partners Inc. purchased a new stake in shares of Twilio in the fourth quarter valued at about $247,000. Hanseatic Management Services Inc. acquired a new stake in shares of Twilio during the 4th quarter worth approximately $1,044,000. Finally, HB Wealth Management LLC acquired a new stake in Twilio during the fourth quarter worth $216,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock valued at $2,844,655 over the last quarter. Company insiders own 4.50% of the company’s stock.

Twilio Stock Up 0.4 %

Shares of Twilio stock opened at $113.12 on Friday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $117.92. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of -44.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. 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 company has a fifty day moving average price of $108.09 and a 200 day moving average price of $80.45.

Analyst Ratings Changes

Several research firms recently issued reports on TWLO. JPMorgan Chase & Co. boosted their price objective on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Piper Sandler upped their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. TD Cowen raised their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Tigress Financial boosted their price target on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.74.

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.