Greenwood Capital Associates LLC Sells 296 Shares of Twilio Inc. (NYSE:TWLO)

Greenwood Capital Associates LLC cut its position in Twilio Inc. (NYSE:TWLO) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,403 shares of the technology company’s stock after selling 296 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Twilio were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TWLO. SouthState Corp grew 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 in the 2nd quarter valued at about $29,000. GAMMA Investing LLC grew 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 purchasing an additional 264 shares during the period. Lynx Investment Advisory acquired a new position in Twilio during the second quarter worth approximately $45,000. Finally, HHM Wealth Advisors LLC raised its stake in Twilio by 43.3% in the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after buying an additional 260 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the transaction, the chief executive officer now directly owns 267,090 shares in the company, valued at approximately $17,678,687.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,418 shares of company stock valued at $3,749,556. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TWLO shares. TD Cowen lifted their target price on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. UBS Group lifted their price objective on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays increased their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Northland Securities lifted their target price 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. Finally, Wells Fargo & Company increased their price target on shares of Twilio from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Twilio currently has a consensus rating of “Hold” and a consensus target price of $79.55.

Twilio Price Performance

Shares of TWLO opened at $88.69 on Wednesday. The firm has a 50 day simple moving average of $66.87 and a two-hundred day simple moving average of $61.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a one year low of $52.45 and a one year high of $89.22.

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.