Twilio (NYSE:TWLO) Upgraded by Robert W. Baird to Outperform Rating

Robert W. Baird upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to an outperform rating in a research report sent to investors on Friday, MarketBeat.com reports. They currently have $160.00 target price on the technology company’s stock, up from their previous target price of $115.00.

A number of other equities analysts have also issued reports on TWLO. The Goldman Sachs Group increased their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Morgan Stanley increased their target price 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. Northland Securities increased their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday, November 15th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st. Two investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Stock Performance

Shares of TWLO opened at $135.98 on Friday. Twilio has a 1 year low of $52.51 and a 1 year high of $141.40. The company has a market cap of $20.86 billion, a price-to-earnings ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a fifty day moving average of $109.20 and a 200-day moving average of $81.40.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction 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 transaction, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after acquiring an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Twilio by 258.4% in the third 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 during the period. Pacer Advisors Inc. boosted its position in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after acquiring an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after acquiring an additional 398,872 shares during the period. Finally, KBC Group NV boosted its position in shares of Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after acquiring an additional 258,469 shares during the period. Hedge funds and other institutional investors 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.