DLK Investment Management LLC Acquires New Shares in Twilio Inc. (NYSE:TWLO)

DLK Investment Management LLC bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,350 shares of the technology company's stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also modified their holdings of TWLO. True Wealth Design LLC increased its stake in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after acquiring an additional 416 shares during the last quarter. Brooklyn Investment Group purchased a new position in Twilio in the third quarter valued at about $46,000. Venturi Wealth Management LLC increased its position in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after purchasing an additional 493 shares during the last quarter. Huntington National Bank raised its stake in shares of Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after purchasing an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp acquired a new stake in shares of Twilio during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. Corporate insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TWLO. Stifel Nicolaus increased their price target on shares of Twilio from $80.00 to $110.00 and gave the stock a "hold" rating in a research note on Wednesday, December 18th. Barclays raised their target price on Twilio from $65.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Mizuho upgraded Twilio from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $85.00 to $140.00 in a research note on Wednesday, January 8th. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Finally, Robert W. Baird boosted their target price on Twilio from $65.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $93.74.

Twilio Price Performance

Shares of TWLO traded down $2.65 during trading hours on Monday, hitting $111.98. The stock had a trading volume of 2,790,458 shares, compared to its average volume of 2,071,561. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of -43.57, a P/E/G ratio of 2.13 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company's fifty day moving average is $107.13 and its two-hundred day moving average is $79.44. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $117.92.

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.