Twilio (NYSE:TWLO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Twilio (NYSE:TWLO) had its target price increased by Wells Fargo & Company from $140.00 to $155.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other brokerages also recently commented on TWLO. Piper Sandler lifted their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on shares of Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Barclays lifted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Oppenheimer lifted 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. Finally, Morgan Stanley lifted their price objective on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.96.

Twilio Stock Up 19.9 %

Shares of TWLO stock opened at $135.98 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a 1 year low of $52.51 and a 1 year high of $141.40. The firm’s fifty day moving average price is $109.20 and its two-hundred day moving average price is $81.40. The firm has a market capitalization of $20.86 billion, a P/E ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’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 transaction 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 $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock valued at $2,844,655 in the last quarter. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in TWLO. True Wealth Design LLC increased its position in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Brooklyn Investment Group acquired a new position in Twilio during the 3rd quarter worth approximately $46,000. Venturi Wealth Management LLC increased its position in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares in the last quarter. Huntington National Bank increased its position in Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp acquired a new position in Twilio during the 3rd quarter worth approximately $53,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Company Profile

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.