Truvestments Capital LLC Purchases 547 Shares of Twilio Inc. (NYSE:TWLO)

Truvestments Capital LLC lifted its position in shares of Twilio Inc. (NYSE:TWLO) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,694 shares of the technology company’s stock after purchasing an additional 547 shares during the quarter. Truvestments Capital LLC’s holdings in Twilio were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd lifted its position in Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the period. Tidal Investments LLC grew its stake in shares of Twilio by 2.3% in the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after acquiring an additional 182 shares in the last quarter. Arizona State Retirement System boosted its stake in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares in the last quarter. Finally, US Bancorp DE grew its position in Twilio by 4.7% during the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TWLO shares. Jefferies Financial Group upped their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird increased their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Tigress Financial boosted their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays increased their price objective on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Oppenheimer boosted their target price on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $83.70.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the stock in a transaction on Thursday, October 3rd. The stock was 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 approximately $17,678,687.10. This represents a 3.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now 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. In the last 90 days, insiders have sold 49,946 shares of company stock worth $3,354,771. Company insiders own 4.50% of the company’s stock.

Twilio Trading Up 2.3 %

NYSE TWLO opened at $106.80 on Monday. The stock’s 50-day moving average price is $76.32 and its 200-day moving average price is $64.85. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $106.80.

About Twilio

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.