Twilio (NYSE:TWLO) Raised to “Buy” at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a research report report published on Friday, Marketbeat reports. They currently have $135.00 target price on the technology company’s stock.

Several other analysts also recently weighed in on the company. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Northland Securities raised their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised shares of Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $120.00 in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein raised their price objective 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. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average price target of $83.70.

Twilio Price Performance

Shares of NYSE:TWLO opened at $96.59 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. The firm’s 50 day moving average is $72.24 and its two-hundred day moving average is $63.52. The firm has a market capitalization of $14.82 billion, a P/E ratio of -37.58, a PEG ratio of 2.79 and a beta of 1.32. Twilio has a 52 week low of $52.51 and a 52 week high of $101.00.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the sale, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,468 shares of company stock worth $3,509,830 in the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twilio

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP grew its holdings in Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after acquiring 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 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after acquiring an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of 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 acquiring an additional 531,075 shares during the last quarter. Finally, Goldentree Asset Management LP acquired a new position in shares of Twilio during the first quarter worth approximately $31,745,000. 84.27% of the stock is currently owned by institutional investors.

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.