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

Twilio Inc. (NYSE:TWLO)’s stock price was up 6.2% during 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 mid-day trading, a decline of 21% from the average daily volume of 3,463,609 shares. The stock had previously closed at $138.99.

A number of other equities analysts have also commented on the stock. Barclays increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, January 24th. Mizuho increased their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Stifel Nicolaus increased their price target on shares of Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Tigress Financial increased their target price on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Two equities 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Insider Activity 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 stock was 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 in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio 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 sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock worth $2,483,695 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in shares of Twilio by 5.2% during the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after buying an additional 929 shares during the last quarter. MBB Public Markets I LLC bought a new stake in shares of Twilio in the second quarter worth $716,000. Mackenzie Financial Corp increased its position in Twilio by 19.0% during the second quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock valued at $1,307,000 after acquiring an additional 3,680 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $1,942,000 after purchasing an additional 768 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Twilio in the second quarter worth approximately $918,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market capitalization of $22.44 billion, a P/E ratio of -56.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The firm’s 50-day moving average is $111.06 and its 200-day moving average is $82.78.

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.