Capstone Investment Advisors LLC Invests $917,000 in Twilio Inc. (NYSE:TWLO)

Capstone Investment Advisors LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,063 shares of the technology company’s stock, valued at approximately $917,000.

Other hedge funds have also bought and sold shares of the company. SouthState Corp lifted its holdings 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Twilio in the second quarter worth $29,000. GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 264 shares during the last quarter. Lynx Investment Advisory bought a new position in shares of Twilio during the second quarter valued at $45,000. Finally, Brooklyn Investment Group purchased a new position in shares of Twilio in the 3rd quarter worth about $46,000. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Down 1.4 %

NYSE:TWLO opened at $102.91 on Friday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $108.44. The stock’s 50 day simple moving average is $79.76 and its two-hundred day simple moving average is $66.00. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TWLO shares. Tigress Financial raised their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, November 15th. TD Cowen boosted their target price on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Twilio has an average rating of “Hold” and an average target price of $85.87.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the transaction, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,946 shares of company stock worth $3,354,771. Insiders own 4.50% of the company’s stock.

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.