Twilio Inc. (NYSE:TWLO) Shares Bought by Pearl River Capital LLC

Pearl River Capital LLC boosted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 363.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,641 shares of the technology company's stock after buying an additional 24,026 shares during the period. Pearl River Capital LLC's holdings in Twilio were worth $1,793,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company's stock worth $35,000 after purchasing an additional 172 shares during the last quarter. Optimum Investment Advisors boosted its holdings in shares of Twilio by 68.3% during the 3rd quarter. Optimum Investment Advisors now owns 505 shares of the technology company's stock worth $30,000 after purchasing an additional 205 shares during the last quarter. RVW Wealth LLC acquired a new position in shares of Twilio during the 3rd quarter worth approximately $30,000. Quarry LP boosted its holdings in shares of Twilio by 328.2% during the 2nd quarter. Quarry LP now owns 561 shares of the technology company's stock worth $36,000 after purchasing an additional 430 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Twilio by 18.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company's stock worth $114,000 after purchasing an additional 109 shares during the last quarter. 80.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TWLO shares. The Goldman Sachs Group boosted their target price on Twilio from $63.00 to $72.00 and gave the stock a "neutral" rating in a report on Tuesday, January 9th. HSBC cut Twilio from a "hold" rating to a "reduce" rating and decreased their price objective for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. JMP Securities reiterated a "market outperform" rating and issued a $110.00 price objective on shares of Twilio in a report on Thursday. Royal Bank of Canada reiterated an "underperform" rating and issued a $50.00 price objective on shares of Twilio in a report on Thursday. Finally, Piper Sandler upgraded Twilio from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $75.00 to $82.00 in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $68.89.

Twilio Stock Down 4.2 %

Twilio stock opened at $58.59 on Monday. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $78.16. The stock's fifty day simple moving average is $72.35 and its 200-day simple moving average is $64.32. The company has a current ratio of 6.53, a quick ratio of 6.53 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $10.61 billion, a P/E ratio of -10.58 and a beta of 1.41.

Insider Transactions at Twilio

In related news, major shareholder Twilio Inc sold 5,000,000 shares of the stock in a transaction on 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 transaction, the insider now owns 5,000,000 shares of the company's stock, valued at $2,850,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Twilio Inc sold 5,000,000 shares of the stock in a transaction on 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 transaction, the insider now owns 5,000,000 shares of the company's stock, valued at $2,850,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Khozema Shipchandler sold 10,520 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $72.18, for a total value of $759,333.60. Following the completion of the transaction, the insider now directly owns 207,599 shares in the company, valued at approximately $14,984,495.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,020,880 shares of company stock valued at $4,342,944. 4.20% of the stock is currently owned by company insiders.

About Twilio

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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