Twilio (NYSE:TWLO) Given New $120.00 Price Target at Wells Fargo & Company

Twilio (NYSE:TWLO) had its price objective lowered by research analysts at Wells Fargo & Company from $160.00 to $120.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 47.13% from the stock’s current price.

TWLO has been the subject of several other reports. Scotiabank boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $185.00 in a report on Monday, January 27th. Stifel Nicolaus boosted their target price on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Tigress Financial upped their price objective on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Finally, JMP Securities reissued a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and a consensus price target of $130.61.

Twilio Price Performance

TWLO opened at $81.56 on Tuesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $102.63 and its 200 day moving average price is $103.83. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of -127.44, a PEG ratio of 4.30 and a beta of 1.50. Twilio has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, sell-side analysts expect that Twilio will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. purchased a new stake in Twilio in the first quarter worth approximately $37,000. CX Institutional purchased a new position in shares of Twilio in the 1st quarter valued at approximately $39,000. JFS Wealth Advisors LLC increased its stake in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in Twilio in the fourth quarter worth $44,000. Institutional investors own 84.27% of the company’s stock.

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.