Washington Capital Management Inc. reduced its stake in Twilio Inc. (NYSE:TWLO – Free Report) by 44.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,400 shares of the technology company’s stock after selling 4,400 shares during the period. Washington Capital Management Inc.’s holdings in Twilio were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after acquiring an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after acquiring an additional 398,872 shares in the last quarter. KBC Group NV increased its stake in shares of Twilio by 1,138.4% during the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after acquiring an additional 258,469 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after purchasing an additional 193,971 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.
Insider Activity at Twilio
In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction 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 owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,015 shares of company stock valued at $2,483,695. Company insiders own 4.50% of the company’s stock.
Twilio Stock Down 0.4 %
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on TWLO shares. Oppenheimer boosted their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. TD Cowen upped their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Scotiabank raised their target price on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Wells Fargo & Company upped their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Mizuho raised their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.25.
Get Our Latest Report on Twilio
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.
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