Twilio (NYSE:TWLO) Price Target Raised to $165.00 at Needham & Company LLC

Twilio (NYSE:TWLO) had its target price hoisted by Needham & Company LLC from $91.00 to $165.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other brokerages have also recently weighed in on TWLO. Stifel Nicolaus raised their price objective on Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Oppenheimer raised their price objective on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Jefferies Financial Group lifted their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average price target of $119.25.

Twilio Price Performance

Shares of NYSE TWLO opened at $146.77 on Tuesday. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of -57.11, a PEG ratio of 2.22 and a beta of 1.38. The business has a 50-day moving average of $110.06 and a 200-day moving average of $82.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $148.37.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s 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 transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,527 shares of company stock worth $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in Twilio by 5,200.0% during the third 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 in the last quarter. Brooklyn Investment Group bought a new stake in shares of Twilio during the third quarter worth $46,000. Venturi Wealth Management LLC grew its stake in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares during the last quarter. Huntington National Bank grew its stake in shares of Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after buying an additional 532 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake 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 during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.