Friedenthal Financial Takes Position in Twilio Inc. (NYSE:TWLO)

Friedenthal Financial bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,813 shares of the technology company’s stock, valued at approximately $844,000.

A number of other large investors have also recently bought and sold shares of TWLO. True Wealth Design LLC boosted its position in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Twilio in the 3rd quarter valued at $46,000. Venturi Wealth Management LLC boosted its holdings in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares in the last quarter. Huntington National Bank grew its position in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares during the period. Finally, Planning Capital Management Corp purchased a new position in Twilio in the third quarter valued at $53,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TWLO shares. Northland Securities raised their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Friday, November 15th. Barclays boosted their price objective on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Piper Sandler raised their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $93.61.

Twilio Trading Down 0.3 %

Shares of NYSE TWLO traded down $0.28 during trading on Monday, reaching $107.80. The stock had a trading volume of 2,014,874 shares, compared to its average volume of 1,910,819. The business’s 50-day moving average price is $105.04 and its 200-day moving average price is $77.52. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $116.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $16.53 billion, a P/E ratio of -41.95, a PEG ratio of 3.26 and a beta of 1.38.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 over the last three months. Company insiders own 4.50% of the company’s stock.

Twilio 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.