Shares of Twilio Inc. (NYSE:TWLO – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $110.96.
Several equities research analysts have commented on TWLO shares. Royal Bank of Canada restated an “underperform” rating and set a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st. Barclays increased their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday. Stifel Nicolaus increased their target price on Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday. Finally, Northland Securities boosted 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.
Read Our Latest Report on Twilio
Twilio Stock Up 19.9 %
Insider Activity at Twilio
In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, 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. Over the last quarter, insiders have sold 26,527 shares of company stock worth $2,844,655. Company insiders own 4.50% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Optas LLC acquired a new position in Twilio in the 4th quarter worth $200,000. SkyOak Wealth LLC acquired a new position in shares of Twilio in the fourth quarter worth about $317,000. SYM FINANCIAL Corp purchased a new position in Twilio in the fourth quarter valued at about $259,000. Chicago Partners Investment Group LLC acquired a new stake in Twilio during the 4th quarter valued at approximately $288,000. Finally, Austin Private Wealth LLC acquired a new position in shares of Twilio in the 4th quarter valued at approximately $356,000. 84.27% of the stock is currently 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.
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