Versant Capital Management Inc Purchases 484 Shares of Twilio Inc. (NYSE:TWLO)

Versant Capital Management Inc increased its position in Twilio Inc. (NYSE:TWLO) by 71.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,166 shares of the technology company’s stock after acquiring an additional 484 shares during the period. Versant Capital Management Inc’s holdings in Twilio were worth $126,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Twilio by 18.3% during the 3rd 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after acquiring an additional 33,824 shares during the period. Dimensional Fund Advisors LP increased its holdings in Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after acquiring an additional 224,040 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction 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 sale, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 13,653 shares of company stock worth $1,185,990 over the last quarter. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TWLO shares. Wells Fargo & Company increased their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday. Tigress Financial raised their price target on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Piper Sandler upped their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Barclays upped their price target on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus target price of $91.22.

Twilio Trading Up 3.7 %

TWLO opened at $113.09 on Friday. Twilio Inc. has a one year low of $52.51 and a one year high of $116.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of -44.00, a P/E/G ratio of 3.26 and a beta of 1.38. The stock’s 50 day moving average price is $100.70 and its 200-day moving average price is $74.83.

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.