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

Twilio Inc. (NYSE:TWLO) rose 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 were traded 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 analysts have also commented on the stock. Oppenheimer boosted their price target on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $160.00 in a report on Friday. Scotiabank lifted their price target on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $77.00 to $185.00 in a research note on Monday. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $119.25.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 in the last 90 days. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of large investors have recently modified their holdings of the company. Sei Investments Co. increased its stake in Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 929 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in Twilio in the second quarter valued at approximately $716,000. Mackenzie Financial Corp lifted its position in Twilio by 19.0% during the second quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock valued at $1,307,000 after purchasing an additional 3,680 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after buying an additional 31,227 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Twilio by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock valued at $1,942,000 after buying an additional 768 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

The business’s fifty day moving average price is $109.20 and its 200-day moving average price is $81.58. The company has a market capitalization of $22.56 billion, a P/E ratio of -57.27, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.