Amalgamated Bank Sells 259 Shares of Twilio Inc. (NYSE:TWLO)

Amalgamated Bank trimmed its stake in Twilio Inc. (NYSE:TWLO) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,701 shares of the technology company’s stock after selling 259 shares during the period. Amalgamated Bank’s holdings in Twilio were worth $633,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TWLO. SouthState Corp raised its position in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Twilio during the 2nd quarter worth $29,000. GAMMA Investing LLC grew its stake in Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Lynx Investment Advisory purchased a new position in Twilio during the 2nd quarter worth $45,000. Finally, HHM Wealth Advisors LLC grew its stake in Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after buying an additional 260 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Stock Performance

NYSE TWLO opened at $96.54 on Friday. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of -37.56, a PEG ratio of 2.89 and a beta of 1.32. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $101.00. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $71.47 and a 200 day moving average of $63.23.

Wall Street Analyst Weigh In

TWLO has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. TD Cowen boosted their target price on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Needham & Company LLC boosted their target price on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, UBS Group boosted their price target on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.70.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction 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 $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,468 shares of company stock valued at $3,509,830. 4.50% of the stock is owned by company insiders.

Twilio Company 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.