GSA Capital Partners LLP Has $446,000 Stake in Twilio Inc. (NYSE:TWLO)

GSA Capital Partners LLP reduced its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 52.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,838 shares of the technology company's stock after selling 7,532 shares during the period. GSA Capital Partners LLP's holdings in Twilio were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. SouthState Corp raised its position in shares of 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 acquiring an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio during the 2nd quarter worth $29,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 264 shares in the last quarter. Lynx Investment Advisory acquired a new position in Twilio in the second quarter valued at about $45,000. Finally, Venturi Wealth Management LLC raised its position in shares of Twilio by 205.4% during the third 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 period. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

TWLO stock opened at $98.45 on Thursday. The business's 50 day simple moving average is $74.57 and its 200 day simple moving average is $64.25. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $101.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares of the company's stock, valued at approximately $11,566,821.07. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the firm's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48. Following the transaction, the insider now directly owns 152,563 shares in the company, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,946 shares of company stock worth $3,354,771 over the last ninety days. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Twilio from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $80.00 to $120.00 in a research note on Tuesday, November 12th. Robert W. Baird boosted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Monness Crespi & Hardt upgraded Twilio from a "neutral" rating to a "buy" rating and set a $135.00 target price for the company in a report on Friday, November 15th. UBS Group boosted their price target on Twilio from $74.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Tigress Financial upped their price objective on Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $83.70.

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.