Optas LLC Invests $200,000 in Twilio Inc. (NYSE:TWLO)

Optas LLC purchased a new stake in Twilio Inc. (NYSE:TWLOFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,854 shares of the technology company’s stock, valued at approximately $200,000.

Several other large investors have also recently bought and sold shares of TWLO. True Wealth Design LLC increased its position in 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 acquiring an additional 416 shares during the period. Brooklyn Investment Group bought a new stake in shares of Twilio in the third quarter valued at approximately $46,000. Venturi Wealth Management LLC grew its position 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 increased its stake in Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the period. Finally, Planning Capital Management Corp acquired a new position in Twilio in the 3rd quarter valued at $53,000. 84.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group raised their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and upped their price target for the stock from $77.00 to $185.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.25.

Get Our Latest Research Report on Twilio

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on 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 owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock valued at $2,483,695 over the last ninety days. 4.50% of the stock is owned by company insiders.

Twilio Stock Down 0.6 %

Shares of TWLO opened at $145.75 on Wednesday. The company has a market capitalization of $22.35 billion, a PE ratio of -56.71, a PEG ratio of 3.58 and a beta of 1.42. The stock’s 50-day moving average price is $114.62 and its two-hundred day moving average price is $85.26. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

About Twilio

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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