MAI Capital Management bought a new position in shares of Twilio Inc. (NYSE:TWLO – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,151 shares of the technology company’s stock, valued at approximately $277,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC increased its holdings in Twilio by 39.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock valued at $192,000 after purchasing an additional 336 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Twilio during the 1st quarter valued at $894,000. Panagora Asset Management Inc. increased its holdings in Twilio by 29.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock valued at $459,000 after purchasing an additional 629 shares in the last quarter. Synovus Financial Corp increased its holdings in Twilio by 57.9% during the 1st quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock valued at $817,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Twilio by 22.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock valued at $43,765,000 after purchasing an additional 48,552 shares in the last quarter. Institutional investors own 77.29% of the company’s stock.
Twilio Stock Down 3.9 %
TWLO stock opened at $59.14 on Friday. The business’s 50-day moving average price is $63.12 and its two-hundred day moving average price is $61.87. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 1-year low of $41.00 and a 1-year high of $81.25.
Analyst Upgrades and Downgrades
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Insider Activity
In other news, CFO Aidan Viggiano sold 8,456 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.43, for a total value of $536,364.08. Following the sale, the chief financial officer now directly owns 204,441 shares in the company, valued at $12,967,692.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Elena A. Donio sold 3,807 shares of Twilio stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $57.50, for a total value of $218,902.50. Following the sale, the insider now owns 424,114 shares of the company’s stock, valued at $24,386,555. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 8,456 shares of Twilio stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $63.43, for a total value of $536,364.08. Following the completion of the sale, the chief financial officer now directly owns 204,441 shares in the company, valued at approximately $12,967,692.63. The disclosure for this sale can be found here. Insiders have sold a total of 46,283 shares of company stock worth $2,907,743 over the last three months. Corporate insiders own 4.20% of the company’s stock.
Twilio Company Profile
Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.
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