Twilio Inc. (NYSE:TWLO) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its position in Twilio Inc. (NYSE:TWLO) by 47.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 714 shares of the technology company’s stock after selling 637 shares during the period. National Bank of Canada FI’s holdings in Twilio were worth $47,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. iA Global Asset Management Inc. purchased a new position in Twilio during the 3rd quarter valued at about $567,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Twilio in the third quarter valued at approximately $759,000. Worldquant Millennium Advisors LLC purchased a new position in shares of Twilio in the third quarter valued at approximately $879,000. Weiss Asset Management LP acquired a new position in shares of Twilio in the third quarter valued at approximately $280,000. Finally, Stifel Financial Corp increased its stake in Twilio by 176.8% during the 3rd quarter. Stifel Financial Corp now owns 21,833 shares of the technology company’s stock worth $1,424,000 after buying an additional 13,946 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TWLO shares. JPMorgan Chase & Co. raised their price target on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Finally, Morgan Stanley boosted their price objective on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research 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 issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.52.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 177,869 shares in the company, valued at $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 4,174 shares of Twilio stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock worth $3,863,961 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

TWLO stock opened at $109.74 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $16.83 billion, a P/E ratio of -42.70, a PEG ratio of 3.26 and a beta of 1.38. The business has a 50 day simple moving average of $91.47 and a 200-day simple moving average of $70.68. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $116.43.

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.