GSA Capital Partners LLP Sells 7,532 Shares of Twilio Inc. (NYSE:TWLO)

GSA Capital Partners LLP reduced its stake in Twilio Inc. (NYSE:TWLO) by 52.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SouthState Corp boosted its stake in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio during the second quarter valued at approximately $29,000. GAMMA Investing LLC boosted its stake in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of Twilio during the second quarter valued at approximately $45,000. Finally, Venturi Wealth Management LLC boosted its stake 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 valued at $48,000 after purchasing an additional 493 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 3.83 % 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 on Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the sale, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,946 shares of company stock worth $3,354,771. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent research reports. UBS Group increased their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Friday, November 15th. Barclays raised their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, TD Cowen raised their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $83.70.

Twilio Stock Up 2.2 %

TWLO stock opened at $98.45 on Thursday. The firm has a market cap of $15.10 billion, a PE ratio of -38.31, a P/E/G ratio of 2.79 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm’s fifty day moving average is $74.57 and its 200 day moving average is $64.25. Twilio Inc. has a one year low of $52.51 and a one year high of $101.00.

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.