Avantax Advisory Services Inc. Sells 255 Shares of Twilio Inc. (NYSE:TWLO)

Avantax Advisory Services Inc. lowered its holdings in shares of Twilio Inc. (NYSE:TWLOFree Report) by 3.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,423 shares of the technology company’s stock after selling 255 shares during the period. Avantax Advisory Services Inc.’s holdings in Twilio were worth $376,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TWLO. Acadian Asset Management LLC grew its stake in Twilio by 39.9% during the first quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock worth $192,000 after purchasing an additional 336 shares during the period. MetLife Investment Management LLC acquired a new stake in Twilio in the first quarter valued at approximately $894,000. Panagora Asset Management Inc. grew its stake in Twilio by 29.1% in the first quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock valued at $459,000 after acquiring an additional 629 shares during the period. Synovus Financial Corp grew its stake in Twilio by 57.9% in the first quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock valued at $817,000 after acquiring an additional 1,818 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Twilio by 22.4% in the first quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock valued at $43,765,000 after acquiring an additional 48,552 shares during the period. Institutional investors and hedge funds own 80.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their price objective on Twilio from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a report on Thursday, November 9th. William Blair restated an “outperform” rating on shares of Twilio in a report on Thursday, November 9th. Needham & Company LLC raised their target price on Twilio from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Barclays lifted their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average target price of $71.00.

Check Out Our Latest Research Report on Twilio

Twilio Price Performance

Twilio stock opened at $71.18 on Tuesday. Twilio Inc. has a 52 week low of $45.02 and a 52 week high of $79.70. The business has a 50-day simple moving average of $72.65 and a 200 day simple moving average of $64.28. The company has a quick ratio of 6.53, a current ratio of 6.53 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of -14.92 and a beta of 1.41.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,581 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total transaction of $475,148.20. Following the completion of the transaction, the chief financial officer now directly owns 171,820 shares in the company, valued at $12,405,404. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Twilio Inc sold 5,000,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $0.57, for a total value of $2,850,000.00. Following the completion of the sale, the insider now owns 5,000,000 shares of the company’s stock, valued at approximately $2,850,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,581 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the sale, the chief financial officer now directly owns 171,820 shares of the company’s stock, valued at approximately $12,405,404. The disclosure for this sale can be found here. Insiders sold a total of 5,020,880 shares of company stock worth $4,342,944 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

Twilio Company Profile

(Free Report)

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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