DLK Investment Management LLC Invests $254,000 in Twilio Inc. (NYSE:TWLO)

DLK Investment Management LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,350 shares of the technology company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Twilio in the third quarter worth about $46,000. Venturi Wealth Management LLC boosted its position in shares of Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the period. Huntington National Bank grew its stake in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp purchased a new position in Twilio during the third quarter valued at approximately $53,000. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

NYSE:TWLO opened at $111.98 on Monday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $107.13 and its 200-day moving average price is $79.44. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $117.92.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 in the last 90 days. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TWLO shares. UBS Group raised their price target on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Needham & Company LLC boosted their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $85.00 to $140.00 in a report on Wednesday, January 8th. Finally, Tigress Financial lifted their price objective on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $93.74.

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.