PDT Partners LLC Invests $1.05 Million in Twilio Inc. (NYSE:TWLO)

PDT Partners LLC acquired a new position in Twilio Inc. (NYSE:TWLO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,064 shares of the technology company’s stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TWLO. Price T Rowe Associates Inc. MD lifted its position in Twilio by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock valued at $7,529,000 after buying an additional 3,780 shares during the last quarter. Tidal Investments LLC raised its position in Twilio by 2.3% in the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after purchasing an additional 166 shares during the period. Comerica Bank boosted its position in shares of Twilio by 23.9% during the first quarter. Comerica Bank now owns 5,233 shares of the technology company’s stock worth $320,000 after buying an additional 1,008 shares during the period. Cetera Investment Advisers grew its stake in shares of Twilio by 116.5% in the first quarter. Cetera Investment Advisers now owns 55,878 shares of the technology company’s stock valued at $3,417,000 after buying an additional 30,071 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of Twilio by 157.3% in the 1st quarter. Cetera Advisors LLC now owns 13,990 shares of the technology company’s stock valued at $855,000 after buying an additional 8,553 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the sale, the chief executive officer now owns 267,090 shares in the company, valued at $17,678,687.10. This represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,946 shares of company stock worth $3,354,771. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TWLO shares. Robert W. Baird raised their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Tigress Financial lifted their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho increased their target price on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. TD Cowen boosted their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Oppenheimer upped their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.87.

Twilio Price Performance

Shares of TWLO opened at $104.54 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $108.44. The stock has a market cap of $16.03 billion, a PE ratio of -40.68, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32. The firm has a fifty day moving average price of $80.59 and a 200 day moving average price of $66.36.

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.