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

Adero Partners LLC lowered its position in Twilio Inc. (NYSE:TWLO) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,712 shares of the technology company’s stock after selling 94 shares during the quarter. Adero Partners LLC’s holdings in Twilio were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Twilio in the second quarter worth $918,000. SG Americas Securities LLC bought a new position in Twilio in the 3rd quarter valued at about $1,274,000. Azzad Asset Management Inc. ADV increased its stake in Twilio by 9.0% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,280 shares of the technology company’s stock valued at $670,000 after buying an additional 847 shares during the period. Diversified Trust Co bought a new stake in shares of Twilio during the 3rd quarter worth about $1,288,000. Finally, Miracle Mile Advisors LLC lifted its stake in shares of Twilio by 24.6% in the 3rd quarter. Miracle Mile Advisors LLC now owns 11,132 shares of the technology company’s stock worth $726,000 after acquiring an additional 2,200 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,015 shares of company stock valued at $2,483,695. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TWLO. Jefferies Financial Group raised their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Morgan Stanley raised their target price on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.25.

Twilio Stock Performance

Shares of TWLO opened at $146.93 on Thursday. The business’s 50-day moving average is $115.44 and its 200-day moving average is $85.88. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

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.