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 report published on Friday, MarketBeat reports. Robert W. Baird currently has $160.00 price target on the technology company’s stock, up from their prior price target of $115.00.

Several other research firms have also commented on TWLO. JPMorgan Chase & Co. raised their price target on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Tigress Financial increased their price target on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Barclays boosted their price objective on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group increased their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.96.

Twilio Stock Performance

Shares of NYSE TWLO opened at $135.98 on Friday. 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’s 50 day simple moving average is $108.41 and its 200-day simple moving average is $80.68. Twilio has a 12 month low of $52.51 and a 12 month high of $141.40.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock worth $2,844,655 in the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Twilio in the third quarter valued at $46,000. Venturi Wealth Management LLC grew its stake in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares in the last quarter. Huntington National Bank raised its position in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after purchasing an additional 532 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Twilio by 15,540.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock worth $85,000 after buying an additional 777 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other 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.