Holocene Advisors LP Has $999,000 Stake in Twilio Inc. (NYSE:TWLO)

Holocene Advisors LP reduced its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 47.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,315 shares of the technology company's stock after selling 13,768 shares during the period. Holocene Advisors LP's holdings in Twilio were worth $999,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. True Wealth Design LLC raised its holdings in 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 purchasing an additional 416 shares during the period. SouthState Corp raised its holdings in Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company's stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio in the second quarter worth $29,000. GAMMA Investing LLC raised its holdings in Twilio by 70.6% in 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 during the period. Finally, Brooklyn Investment Group acquired a new stake in Twilio in the third quarter worth $46,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were 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. The trade was a 3.63 % 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 4,174 shares of Twilio 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 completion of the sale, the insider now owns 152,563 shares of the company's stock, valued at $9,919,646.26. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,575 shares of company stock valued at $3,863,961. Company insiders own 4.50% of the company's stock.

Twilio Stock Performance

Shares of TWLO traded up $3.09 during midday trading on Friday, reaching $113.42. The stock had a trading volume of 2,631,243 shares, compared to its average volume of 2,841,170. The firm has a 50 day simple moving average of $85.16 and a 200-day simple moving average of $68.00. Twilio Inc. has a one year low of $52.51 and a one year high of $113.57. The firm has a market cap of $17.40 billion, a PE ratio of -44.13, a P/E/G ratio of 3.18 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a report on Friday, September 13th. Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Oppenheimer raised their price objective on shares of Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Finally, JMP Securities restated a "market outperform" rating and set a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Twilio presently has a consensus rating of "Hold" and a consensus price target of $85.87.

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.