Twilio (NYSE:TWLO) Price Target Raised to $165.00

Twilio (NYSE:TWLOFree Report) had its price target increased by Needham & Company LLC from $91.00 to $165.00 in a research report sent to investors on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

A number of other research firms have also weighed in on TWLO. TD Cowen boosted their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Piper Sandler reissued an “overweight” rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $77.00 to $185.00 in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.25.

View Our Latest Stock Report on TWLO

Twilio Price Performance

TWLO stock opened at $148.42 on Tuesday. The company has a market capitalization of $22.76 billion, a PE ratio of -57.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company’s fifty day moving average price is $112.02 and its 200-day moving average price is $83.22. Twilio has a one year low of $52.51 and a one year high of $149.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,015 shares of company stock worth $2,483,695. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. grew its holdings in Twilio by 5.2% during the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 929 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Twilio in the second quarter valued at $716,000. Mackenzie Financial Corp lifted its holdings in Twilio by 19.0% during the 2nd quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock worth $1,307,000 after buying an additional 3,680 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Twilio by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock valued at $1,942,000 after acquiring an additional 768 shares during the last quarter. Finally, Quarry LP raised its position in shares of Twilio by 568.2% during the 2nd quarter. Quarry LP now owns 3,528 shares of the technology company’s stock worth $200,000 after acquiring an additional 3,000 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Company Profile

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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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