Twilio Inc. (NYSE:TWLO) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. decreased its position in Twilio Inc. (NYSE:TWLO) by 44.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 693 shares of the technology company’s stock after selling 546 shares during the quarter. Rakuten Securities Inc.’s holdings in Twilio were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Twilio by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company’s stock worth $24,507,000 after purchasing an additional 3,238 shares during the period. Entropy Technologies LP increased its stake in Twilio by 147.6% in the third quarter. Entropy Technologies LP now owns 24,596 shares of the technology company’s stock valued at $1,604,000 after purchasing an additional 14,662 shares during the last quarter. Versor Investments LP boosted its stake in Twilio by 12.0% in the 3rd quarter. Versor Investments LP now owns 14,109 shares of the technology company’s stock worth $920,000 after buying an additional 1,509 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after buying an additional 493 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Twilio during the 3rd quarter valued at about $2,168,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Price Performance

TWLO stock opened at $96.51 on Wednesday. The stock’s 50 day moving average is $69.27 and its two-hundred day moving average is $62.48. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $98.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the sale, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 shares were 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 $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,418 shares of company stock worth $3,749,556. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TWLO. Needham & Company LLC raised their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Tigress Financial increased their target price on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Finally, UBS Group raised their price objective on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $81.36.

About Twilio

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.