John G Ullman & Associates Inc. Acquires Shares of 19,741 Twilio Inc. $TWLO

John G Ullman & Associates Inc. bought a new stake in Twilio Inc. (NYSE:TWLO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,741 shares of the technology company’s stock, valued at approximately $1,976,000.

A number of other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Twilio by 57.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,212,436 shares of the technology company’s stock valued at $121,353,000 after acquiring an additional 440,423 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Twilio by 54.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,517 shares of the technology company’s stock valued at $9,060,000 after purchasing an additional 31,938 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Twilio by 36.2% during the second quarter. Hood River Capital Management LLC now owns 133,529 shares of the technology company’s stock valued at $16,606,000 after purchasing an additional 35,468 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Twilio by 19.7% in the third quarter. Federated Hermes Inc. now owns 70,294 shares of the technology company’s stock valued at $7,036,000 after purchasing an additional 11,577 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Twilio by 2.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,152,727 shares of the technology company’s stock worth $114,777,000 after purchasing an additional 29,089 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 8,109 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $143.38, for a total value of $1,162,668.42. Following the completion of the sale, the chief financial officer owned 119,449 shares of the company’s stock, valued at approximately $17,126,597.62. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Stafman sold 1,000,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $129.00, for a total transaction of $129,000,000.00. Following the completion of the sale, the director owned 2,295,000 shares in the company, valued at approximately $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. Insiders have sold 1,043,438 shares of company stock valued at $135,022,770 in the last 90 days. 0.21% of the stock is owned by insiders.

Twilio Price Performance

Twilio stock opened at $108.83 on Friday. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $16.70 billion, a P/E ratio of 265.44, a PEG ratio of 2.18 and a beta of 1.32. The business has a 50-day moving average of $131.07 and a 200-day moving average of $119.69. Twilio Inc. has a 1 year low of $77.51 and a 1 year high of $149.19.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank Of Canada increased their price objective on Twilio from $75.00 to $100.00 and gave the company an “underperform” rating in a research report on Monday, January 5th. KeyCorp upped their price target on Twilio from $146.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Wells Fargo & Company boosted their price objective on Twilio from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. TD Cowen restated a “hold” rating on shares of Twilio in a research report on Friday, October 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $148.00 target price (up previously from $145.00) on shares of Twilio in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $146.44.

About Twilio

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.