Twilio (NYSE:TWLO) Upgraded by Monness Crespi & Hardt to “Buy” Rating

Monness Crespi & Hardt upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a report released on Friday, MarketBeat reports. Monness Crespi & Hardt currently has $135.00 price objective on the technology company’s stock.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $120.00 in a research report on Tuesday, November 12th. Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Northland Securities upped their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price target on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $83.70.

Twilio Stock Down 0.2 %

TWLO stock opened at $96.39 on Friday. The firm has a 50-day moving average price of $72.99 and a 200-day moving average price of $63.76. Twilio has a 12 month low of $52.51 and a 12 month high of $101.00. 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 stock has a market capitalization of $14.78 billion, a P/E ratio of -37.51, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the company’s 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. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 591 shares of Twilio 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 of the company’s stock, valued at $9,540,581.19. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,537 shares of company stock valued at $3,390,745 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. SouthState Corp increased its holdings in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Twilio by 5,200.0% during 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Twilio during the second quarter worth $29,000. GAMMA Investing LLC grew its holdings in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new stake in Twilio in the 2nd quarter valued at $45,000. 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.