Crossmark Global Holdings Inc. Sells 1,500 Shares of Twilio Inc. (NYSE:TWLO)

Crossmark Global Holdings Inc. lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,640 shares of the technology company’s stock after selling 1,500 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Twilio were worth $1,281,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SouthState Corp increased its position in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio in the 2nd quarter valued at $29,000. GAMMA Investing LLC raised its stake in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after acquiring an additional 264 shares in the last quarter. Lynx Investment Advisory bought a new position in Twilio in the 2nd quarter valued at approximately $45,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Twilio by 43.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Aidan Viggiano sold 6,701 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the transaction, the chief financial officer now owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,468 shares of company stock worth $3,509,830. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Mizuho boosted their price target on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler raised their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. UBS Group boosted their price target on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC increased their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $81.36.

Twilio Trading Up 3.5 %

Shares of NYSE:TWLO opened at $99.87 on Thursday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $100.07. The company has a market cap of $15.32 billion, a PE ratio of -38.85, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32. The stock has a 50 day moving average of $69.98 and a 200 day moving average of $62.73. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.