Optimize Financial Inc Purchases Shares of 13,639 Twilio Inc. $TWLO

Optimize Financial Inc acquired a new position in Twilio Inc. (NYSE:TWLO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,639 shares of the technology company’s stock, valued at approximately $1,365,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CENTRAL TRUST Co acquired a new stake in Twilio during the second quarter worth $25,000. GFG Capital LLC bought a new position in shares of Twilio during the 2nd quarter worth about $25,000. Hilltop National Bank bought a new position in shares of Twilio during the 2nd quarter worth about $26,000. Estabrook Capital Management acquired a new stake in shares of Twilio during the 2nd quarter valued at about $31,000. Finally, First Horizon Corp bought a new stake in Twilio in the third quarter valued at about $28,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Down 9.1%

Shares of NYSE TWLO opened at $109.09 on Wednesday. Twilio Inc. has a 1-year low of $77.51 and a 1-year high of $149.19. The company has a 50-day moving average of $131.74 and a two-hundred day moving average of $119.82. The company has a market cap of $16.74 billion, a PE ratio of 266.07, a P/E/G ratio of 2.34 and a beta of 1.32. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 8,109 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $143.38, for a total value of $1,162,668.42. Following the transaction, the chief financial officer directly owned 119,449 shares in the company, valued at approximately $17,126,597.62. This trade represents a 6.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Stafman sold 1,000,000 shares of Twilio stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $129.00, for a total value of $129,000,000.00. Following the completion of the sale, the director directly owned 2,295,000 shares of the company’s stock, valued at $296,055,000. This trade represents a 30.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,043,438 shares of company stock valued at $135,022,770. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Twilio from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 11th. Bank of America raised their target price on Twilio from $100.00 to $110.00 and gave the stock an “underperform” rating in a research report on Friday, October 31st. Monness Crespi & Hardt boosted their price target on Twilio from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company increased their price objective on Twilio from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Piper Sandler reissued a “neutral” rating and set a $148.00 price objective (up from $145.00) on shares of Twilio in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.44.

Twilio Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.