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

Shares of Twilio Inc. (NYSE:TWLO) have earned a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $83.70.

Several analysts recently commented on TWLO shares. Oppenheimer increased 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. Needham & Company LLC upped their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein upped their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Friday. Finally, Robert W. Baird upped their target price on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,468 shares of company stock valued at $3,509,830 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

Several institutional investors and hedge funds have recently modified their holdings of TWLO. AQR Capital Management LLC raised its position in shares of Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Kodai Capital Management LP increased its position in Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. increased its position in Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after purchasing an additional 531,075 shares during the last quarter. Finally, Goldentree Asset Management LP bought a new stake in Twilio in the first quarter worth $31,745,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of TWLO stock opened at $96.59 on Tuesday. Twilio has a one year low of $52.51 and a one year high of $101.00. The company’s 50-day moving average is $72.24 and its 200 day moving average is $63.47. The company 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

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.