Friedenthal Financial Buys Shares of 7,813 Twilio Inc. (NYSE:TWLO)

Friedenthal Financial purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,813 shares of the technology company's stock, valued at approximately $844,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. True Wealth Design LLC lifted its stake in Twilio by 5,200.0% during the third 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 last quarter. Brooklyn Investment Group purchased a new position in shares of Twilio during the 3rd quarter valued at about $46,000. Venturi Wealth Management LLC lifted 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 buying an additional 493 shares during the last quarter. Huntington National Bank boosted its stake in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after buying an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp purchased a new stake in Twilio in the third quarter worth approximately $53,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares of the company's stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 in the last quarter. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Twilio from $77.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Monness Crespi & Hardt raised Twilio from a "neutral" rating to a "buy" rating and set a $135.00 price objective on the stock in a research note on Friday, November 15th. Robert W. Baird boosted 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. Needham & Company LLC lifted their price target on Twilio from $71.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Northland Securities increased 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Twilio currently has an average rating of "Hold" and an average target price of $93.61.

Twilio Stock Down 0.3 %

NYSE:TWLO traded down $0.28 during trading hours on Monday, reaching $107.80. 2,014,912 shares of the company traded hands, compared to its average volume of 2,001,328. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $116.43. The stock has a market capitalization of $16.53 billion, a P/E ratio of -41.95, a P/E/G ratio of 3.26 and a beta of 1.38. The business's 50-day moving average price is $105.45 and its two-hundred day moving average price is $77.88. 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 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.