Clarity Capital Partners LLC Cuts Holdings in Twilio Inc. (NYSE:TWLO)

Clarity Capital Partners LLC decreased its position in Twilio Inc. (NYSE:TWLO) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,109 shares of the technology company’s stock after selling 1,345 shares during the period. Clarity Capital Partners LLC’s holdings in Twilio were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Certuity LLC bought a new stake in shares of Twilio during the 4th quarter worth $255,000. Focus Financial Network Inc. purchased a new stake in Twilio during the fourth quarter worth about $261,000. Summit Trail Advisors LLC bought a new stake in Twilio in the fourth quarter worth about $657,000. Savant Capital LLC boosted its stake in Twilio by 2.2% in the fourth quarter. Savant Capital LLC now owns 27,707 shares of the technology company’s stock valued at $2,995,000 after acquiring an additional 606 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Twilio during the 4th quarter valued at approximately $294,000. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 0.8 %

NYSE:TWLO opened at $144.41 on Thursday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company’s 50 day moving average is $119.53 and its two-hundred day moving average is $88.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several research analyst reports. Northland Securities upped their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their price target on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Mizuho increased their price target on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. TD Cowen boosted their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock valued at $2,483,695 over the last ninety days. 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.