Tandem Financial LLC Makes New $119,000 Investment in Twilio Inc. (NYSE:TWLO)

Tandem Financial LLC bought a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,100 shares of the technology company’s stock, valued at approximately $119,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC raised its stake in Twilio by 5,200.0% in 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. Brooklyn Investment Group bought a new position in shares of Twilio in the 3rd quarter worth $46,000. Venturi Wealth Management LLC lifted its stake in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the last quarter. Huntington National Bank raised its holdings in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Twilio by 15,540.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock valued at $85,000 after buying an additional 777 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the subject of several recent analyst reports. Needham & Company LLC boosted their price objective on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company increased their price objective on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Stifel Nicolaus upped their target price on Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and upped their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Twilio Price Performance

Shares of Twilio stock opened at $147.22 on Friday. The firm has a market cap of $22.58 billion, a PE ratio of -57.28, a P/E/G ratio of 3.58 and a beta of 1.42. The business has a 50-day moving average price of $116.32 and a 200 day moving average price of $86.30. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock valued at $2,483,695 in the last three months. 4.50% of the stock is currently owned by company insiders.

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.