Oppenheimer Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price objective boosted by Oppenheimer from $90.00 to $160.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other research analysts have also issued reports on the company. Mizuho upgraded Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $85.00 to $140.00 in a research report on Wednesday, January 8th. Northland Securities boosted their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Piper Sandler increased their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Barclays increased their price target on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group increased their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.96.

Twilio Trading Up 19.9 %

NYSE:TWLO opened at $135.98 on Friday. Twilio has a 12-month low of $52.51 and a 12-month high of $141.40. The firm has a market capitalization of $20.86 billion, a P/E ratio of -52.91, a P/E/G ratio of 2.22 and a beta of 1.38. 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 business has a 50 day simple moving average of $109.20 and a 200 day simple moving average of $81.40.

Insider Activity

In other Twilio 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’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 sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,527 shares of company stock valued at $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Twilio in the 3rd quarter worth approximately $46,000. Venturi Wealth Management LLC lifted its position in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares during the period. Huntington National Bank lifted its position in shares of Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the period. Finally, Planning Capital Management Corp bought a new stake in shares of Twilio in the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.