Captrust Financial Advisors Buys 3,514 Shares of Twilio Inc. (NYSE:TWLO)

Captrust Financial Advisors increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 19.7% during the third quarter, HoldingsChannel reports. The fund owned 21,357 shares of the technology company’s stock after acquiring an additional 3,514 shares during the quarter. Captrust Financial Advisors’ holdings in Twilio were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TWLO. SouthState Corp increased its holdings in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Twilio during the second quarter valued at about $29,000. GAMMA Investing LLC increased its stake in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. Brooklyn Investment Group bought a new stake in shares of Twilio during the third quarter valued at approximately $46,000. Finally, Venturi Wealth Management LLC increased its position in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the period. Institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TWLO shares. TD Cowen boosted their price target on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley upped their target price on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Robert W. Baird upped their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, UBS Group upped their price objective on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.87.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of Twilio stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the sale, the chief executive officer now owns 267,090 shares of the company’s stock, valued at approximately $17,678,687.10. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 1,248 shares of Twilio stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total value of $81,793.92. Following the sale, the insider now directly owns 151,315 shares of the company’s stock, valued at approximately $9,917,185.10. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock worth $3,863,961 over the last three months. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Up 2.8 %

NYSE TWLO opened at $113.42 on Friday. The stock has a fifty day moving average of $85.16 and a 200-day moving average of $68.00. The stock has a market capitalization of $17.40 billion, a P/E ratio of -44.13, a price-to-earnings-growth ratio of 3.18 and a beta of 1.38. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $113.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

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.