Circumference Group LLC Grows Stock Position in Twilio Inc. (NYSE:TWLO)

Circumference Group LLC raised its holdings in Twilio Inc. (NYSE:TWLO) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. Twilio makes up approximately 3.4% of Circumference Group LLC’s holdings, making the stock its 16th largest holding. Circumference Group LLC’s holdings in Twilio were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of TWLO. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. SouthState Corp boosted its holdings 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 purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Twilio during the 2nd quarter valued at $29,000. GAMMA Investing LLC increased its holdings in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Twilio in the 3rd quarter worth $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Piper Sandler increased their target price on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday, November 15th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Needham & Company LLC lifted their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.87.

Twilio Trading Up 1.6 %

Shares of NYSE TWLO opened at $104.54 on Monday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $108.44. The company has a market cap of $16.03 billion, a price-to-earnings ratio of -40.68, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $80.59 and its 200 day simple moving average is $66.36.

Insider Buying and Selling

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

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.