Twilio (NYSE:TWLO) Price Target Raised to $85.00 at Mizuho

Twilio (NYSE:TWLO) had its target price increased by Mizuho from $70.00 to $85.00 in a report released on Friday morning,Benzinga reports. Mizuho currently has a neutral rating on the technology company’s stock.

A number of other analysts also recently commented on TWLO. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Tigress Financial raised their target price on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.52.

Twilio Trading Down 1.7 %

Shares of TWLO opened at $112.98 on Friday. The firm’s 50-day moving average is $89.77 and its two-hundred day moving average is $69.93. Twilio has a twelve month low of $52.51 and a twelve month high of $116.43. 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 firm has a market capitalization of $17.33 billion, a P/E ratio of -43.96, a PEG ratio of 3.26 and a beta of 1.38.

Insider Activity

In related news, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the transaction, the chief financial officer now owns 177,869 shares in the company, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 1,248 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total transaction of $81,793.92. Following the sale, the insider now directly owns 151,315 shares of the company’s stock, valued at approximately $9,917,185.10. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,575 shares of company stock valued at $3,863,961 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC grew its stake in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares in the last quarter. SouthState Corp raised its stake in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio during the second quarter worth $29,000. Brooklyn Investment Group purchased a new position in shares of Twilio in the third quarter valued at $46,000. Finally, Venturi Wealth Management LLC grew its holdings in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.