Raleigh Capital Management Inc. Purchases 777 Shares of Twilio Inc. (NYSE:TWLO)

Raleigh Capital Management Inc. grew its position in shares of Twilio Inc. (NYSE:TWLO) by 15,540.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 782 shares of the technology company’s stock after acquiring an additional 777 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Twilio were worth $85,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% during the third 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 last quarter. Brooklyn Investment Group acquired a new stake in Twilio in the 3rd quarter valued at $46,000. Venturi Wealth Management LLC lifted its position in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares in the last quarter. Huntington National Bank boosted its stake in shares of Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after buying an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp bought a new position in shares of Twilio in the 3rd quarter valued at about $53,000. 84.27% of the stock is owned by institutional investors.

Twilio Stock Up 0.4 %

TWLO opened at $113.12 on Friday. 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 business has a fifty day simple moving average of $108.09 and a 200 day simple moving average of $80.45. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $117.92.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s 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 transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,512 shares of Twilio 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 completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Tigress Financial upped their target price on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Northland Securities upped their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. The Goldman Sachs Group upped their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus increased their price target 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. 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 company’s stock. According to MarketBeat, Twilio has a consensus rating of “Hold” and a consensus target price of $93.74.

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.