Twilio Inc (TWLO) Director Richard L. Dalzell Sells 22,500 Shares of Stock

Twilio Inc (NYSE:TWLO) Director Richard L. Dalzell sold 22,500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $30.00, for a total value of $675,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Twilio Inc (NYSE TWLO) traded up $0.95 during mid-day trading on Friday, hitting $33.09. 4,790,000 shares of the stock were exchanged, compared to its average volume of 1,990,000. The company has a market cap of $3,080.00 and a PE ratio of -47.27. Twilio Inc has a one year low of $22.80 and a one year high of $34.74.

A number of hedge funds and other institutional investors have recently made changes to their positions in TWLO. New York State Common Retirement Fund lifted its position in Twilio by 63.4% in the 2nd quarter. New York State Common Retirement Fund now owns 66,500 shares of the technology company’s stock valued at $1,936,000 after acquiring an additional 25,799 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Twilio by 64.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,700 shares of the technology company’s stock valued at $341,000 after acquiring an additional 4,600 shares in the last quarter. Northern Trust Corp lifted its position in Twilio by 510.5% in the 2nd quarter. Northern Trust Corp now owns 688,930 shares of the technology company’s stock valued at $20,055,000 after acquiring an additional 576,080 shares in the last quarter. Vanguard Group Inc. lifted its position in Twilio by 21.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after acquiring an additional 734,659 shares in the last quarter. Finally, Ark Investment Management LLC lifted its position in Twilio by 1,003.4% in the 2nd quarter. Ark Investment Management LLC now owns 210,256 shares of the technology company’s stock valued at $6,121,000 after acquiring an additional 191,201 shares in the last quarter. 59.99% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on TWLO. Drexel Hamilton reiterated a “buy” rating and set a $47.00 price target on shares of Twilio in a report on Thursday, December 28th. Canaccord Genuity reiterated a “buy” rating and set a $38.00 price target on shares of Twilio in a report on Wednesday, December 6th. Zacks Investment Research upgraded Twilio from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Robert W. Baird reissued a “buy” rating and set a $37.00 price objective on shares of Twilio in a research report on Friday, November 10th. Finally, Oppenheimer reissued a “buy” rating and set a $38.00 price objective on shares of Twilio in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Twilio presently has an average rating of “Buy” and an average target price of $36.75.

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About Twilio

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

Insider Buying and Selling by Quarter for Twilio (NYSE:TWLO)

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