Twilio (NYSE:TWLO) Trading Up 6.2% After Analyst Upgrade

Twilio Inc. (NYSE:TWLO) shares were up 6.2% during trading on Tuesday after Needham & Company LLC raised their price target on the stock from $91.00 to $165.00. Needham & Company LLC currently has a buy rating on the stock. Twilio traded as high as $147.42 and last traded at $147.55. Approximately 2,751,787 shares changed hands during trading, a decline of 21% from the average daily volume of 3,463,609 shares. The stock had previously closed at $138.99.

A number of other equities analysts have also commented on the company. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday. Oppenheimer increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler restated an “overweight” rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research report on Friday. Finally, Mizuho upped their price objective on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC boosted its stake in shares of 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 purchasing an additional 416 shares during the last quarter. Brooklyn Investment Group acquired a new position in Twilio in the third quarter valued at $46,000. Venturi Wealth Management LLC boosted its position in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank grew its holdings in Twilio by 214.5% during 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, Raleigh Capital Management Inc. raised its position in shares of Twilio by 15,540.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock worth $85,000 after acquiring an additional 777 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Price Performance

The business has a 50 day moving average price of $109.20 and a 200-day moving average price of $81.58. The company has a market capitalization of $22.56 billion, a price-to-earnings ratio of -57.27, 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 quick ratio of 5.06 and a current ratio of 5.06.

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.