Twilio (NYSE:TWLO) Trading Up 6.2% Following Analyst Upgrade

Shares of Twilio Inc. (NYSE:TWLOGet Free Report) were up 6.2% during mid-day trading on Tuesday after Needham & Company LLC raised their price target on the stock from $91.00 to $165.00. Needham & Company LLC currently has a buy rating on the stock. Twilio traded as high as $147.42 and last traded at $147.55. Approximately 2,751,787 shares were traded during trading, a decline of 21% from the average daily volume of 3,463,609 shares. The stock had previously closed at $138.99.

Several other research firms also recently issued reports on TWLO. Monness Crespi & Hardt raised their price target on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Morgan Stanley raised their price target on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Barclays raised their price target on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.25.

Get Our Latest Stock Analysis on TWLO

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,015 shares of company stock worth $2,483,695 over the last three months. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

Several hedge funds have recently added to or reduced their stakes in the stock. Certuity LLC bought a new stake in Twilio in the fourth quarter worth about $255,000. Focus Financial Network Inc. bought a new stake in Twilio in the fourth quarter worth about $261,000. Summit Trail Advisors LLC bought a new stake in Twilio in the fourth quarter worth about $657,000. Savant Capital LLC lifted its stake in shares of Twilio by 2.2% during the 4th quarter. Savant Capital LLC now owns 27,707 shares of the technology company’s stock valued at $2,995,000 after buying an additional 606 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Twilio during the 4th quarter valued at approximately $294,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Down 0.4 %

The company has a market capitalization of $22.44 billion, a PE ratio of -56.93, a PEG ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock’s 50 day moving average is $111.06 and its 200 day moving average is $82.78.

Twilio Company Profile

(Get Free Report)

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.

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