Twilio’s (TWLO) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Twilio (NYSE:TWLO) in a report published on Friday,Benzinga reports. Piper Sandler currently has a $142.00 price target on the technology company’s stock, up from their previous price target of $94.00.

Several other equities research analysts also recently weighed in on TWLO. Morgan Stanley raised their price target 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. Stifel Nicolaus raised their price target on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday. The Goldman Sachs Group raised their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Oppenheimer raised their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company raised their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and an average price target of $110.96.

Twilio Price Performance

Shares of TWLO opened at $135.98 on Friday. The company has a market capitalization of $20.86 billion, a P/E ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $109.20 and a 200 day moving average of $81.40. Twilio has a twelve month low of $52.51 and a twelve month high of $141.40.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction 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 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 legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction 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 sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Twilio

A number of large investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Geode Capital Management LLC grew its holdings in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during the last quarter. AQR Capital Management LLC grew its holdings in Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Twilio by 258.4% during 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 purchasing an additional 630,627 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

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.