Twilio Inc. (NYSE:TWLO) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 38.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,109 shares of the technology company’s stock after selling 1,345 shares during the quarter. Clarity Capital Partners LLC’s holdings in Twilio were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. True Wealth Design LLC boosted its position in shares of Twilio by 5,200.0% during the 3rd 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. Brooklyn Investment Group acquired a new position in Twilio during the third quarter worth $46,000. Venturi Wealth Management LLC boosted 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 buying an additional 493 shares during the period. Huntington National Bank grew its stake in shares of Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Twilio by 15,540.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock valued at $85,000 after buying an additional 777 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TWLO shares. TD Cowen raised their target price on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 target price on shares of Twilio in a research note on Tuesday, January 21st. Northland Securities increased 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, Scotiabank boosted their price target on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,015 shares of company stock worth $2,483,695. 4.50% of the stock is currently owned by insiders.

Twilio Price Performance

Shares of TWLO opened at $144.41 on Thursday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $119.53 and a 200 day moving average price of $88.95.

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.