Twilio Inc. (NYSE:TWLO) Shares Sold by Anson Funds Management LP

Anson Funds Management LP cut its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 13.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 637,683 shares of the technology company's stock after selling 100,000 shares during the quarter. Twilio comprises approximately 1.9% of Anson Funds Management LP's investment portfolio, making the stock its 14th biggest position. Anson Funds Management LP owned about 0.42% of Twilio worth $41,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp raised its holdings in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company's stock valued at $28,000 after buying an additional 307 shares during the period. True Wealth Design LLC boosted its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after purchasing an additional 416 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the second quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock worth $36,000 after purchasing an additional 264 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Twilio during the third quarter worth $46,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group increased their target price on Twilio from $74.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Oppenheimer raised their price objective on shares of Twilio from $85.00 to $90.00 and gave the company an "outperform" 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 stock an "equal weight" rating in a research note on Thursday, October 31st. StockNews.com raised shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Finally, Piper Sandler boosted their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $85.87.

Twilio Stock Performance

Shares of Twilio stock traded up $3.09 on Friday, hitting $113.42. The stock had a trading volume of 2,631,243 shares, compared to its average volume of 2,736,407. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of -44.13, a P/E/G ratio of 3.28 and a beta of 1.38. The company has a current ratio of 5.06, a quick 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 $113.57. The company's 50 day moving average price is $85.16 and its 200 day moving average price is $68.06.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company's stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,575 shares of company stock valued at $3,863,961 over the last quarter. Company insiders own 4.50% of the company's stock.

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.