16,064 Shares in Twilio Inc. (NYSE:TWLO) Bought by PDT Partners LLC

PDT Partners LLC purchased a new stake in Twilio Inc. (NYSE:TWLO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,064 shares of the technology company’s stock, valued at approximately $1,048,000.

Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Twilio by 286.3% during the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after acquiring an additional 398,872 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the topic of several research analyst reports. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Piper Sandler increased their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Sanford C. Bernstein upped their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Finally, Mizuho raised their target price on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $85.87.

Twilio Stock Up 1.6 %

Shares of NYSE TWLO opened at $104.54 on Monday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $108.44. 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 company’s 50-day simple moving average is $80.59 and its 200-day simple moving average is $66.36. The firm 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.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of Twilio 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 of the company’s stock, valued at $18,087,054.02. The trade was a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 6,701 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 177,869 shares in the company, 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. In the last three months, insiders have sold 49,946 shares of company stock worth $3,354,771. Insiders own 4.50% of the company’s stock.

Twilio 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.