Twilio Inc. (NYSE:TWLO) Receives $79.55 Average PT from Brokerages

Twilio Inc. (NYSE:TWLO) has been given a consensus rating of “Hold” by the twenty-three brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $83.70.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Tigress Financial boosted their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Piper Sandler boosted their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, UBS Group boosted their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now owns 156,737 shares in the company, valued at approximately $9,540,581.19. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,468 shares of company stock valued at $3,509,830. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twilio

Hedge funds have recently modified their holdings of the stock. Covestor Ltd increased its holdings in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares during the period. Tidal Investments LLC increased its holdings in Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after buying an additional 166 shares during the period. Metis Global Partners LLC increased its holdings in Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after buying an additional 182 shares during the period. Arizona State Retirement System increased its holdings in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after buying an additional 205 shares during the period. Finally, US Bancorp DE increased its holdings in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Down 0.6 %

TWLO stock opened at $96.59 on Tuesday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a twelve month low of $52.51 and a twelve month high of $101.00. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of -37.56, a price-to-earnings-growth ratio of 2.89 and a beta of 1.32. The firm’s fifty day simple moving average is $72.24 and its two-hundred day simple moving average is $63.47.

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.