Atomi Financial Group Inc. Boosts Holdings in Twilio Inc. (NYSE:TWLO)

Atomi Financial Group Inc. grew its holdings in Twilio Inc. (NYSE:TWLO) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 5,733 shares of the technology company’s stock after purchasing an additional 237 shares during the quarter. Atomi Financial Group Inc.’s holdings in Twilio were worth $620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sei Investments Co. lifted its stake in Twilio by 5.2% in the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 929 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Twilio in the second quarter worth approximately $337,000. Xponance Inc. lifted its stake in Twilio by 3.3% in the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock worth $991,000 after acquiring an additional 561 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Twilio by 62.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock worth $1,883,000 after acquiring an additional 12,761 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Twilio in the second quarter worth approximately $87,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,527 shares of company stock worth $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO opened at $113.12 on Friday. The firm has a market capitalization of $17.35 billion, a P/E ratio of -44.02, a PEG ratio of 2.24 and a beta of 1.38. Twilio Inc. has a one year low of $52.51 and a one year high of $117.92. The company’s fifty day moving average is $108.09 and its two-hundred day moving average is $80.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. TD Cowen raised their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price objective on shares of Twilio in a report on Tuesday. Robert W. Baird raised their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Oppenheimer raised their price objective on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Twilio has an average rating of “Hold” and a consensus price target of $93.74.

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.