Twilio (NYSE:TWLO) Stock Rating Upgraded by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Twilio (NYSE:TWLO) from an equal weight rating to an overweight rating in a research report report published on Tuesday, MarketBeat reports. They currently have $120.00 price target on the technology company’s stock, up from their previous price target of $80.00.

Several other research firms also recently commented on TWLO. Piper Sandler lifted their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Sanford C. Bernstein boosted their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Morgan Stanley raised their target price on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC upped their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird raised their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.70.

Twilio Trading Down 0.6 %

TWLO stock opened at $96.54 on Tuesday. Twilio has a one year low of $52.51 and a one year high of $101.00. The company has a market capitalization of $14.81 billion, a PE ratio of -37.56, a price-to-earnings-growth ratio of 2.89 and a beta of 1.32. The company’s 50 day moving average price is $71.47 and its two-hundred day moving average price is $63.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 11,044 shares of Twilio stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the sale, the chief executive officer now directly owns 267,090 shares in the company, valued at $17,678,687.10. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,468 shares of company stock valued at $3,509,830. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares during the period. Affinity Investment Advisors LLC bought a new position in Twilio in the 3rd quarter worth $434,000. Wealth Enhancement Advisory Services LLC increased its stake in Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Twilio during the third quarter valued at about $2,168,000. Finally, Susquehanna Fundamental Investments LLC boosted its stake in shares of Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after acquiring an additional 31,227 shares during the period. Institutional investors own 84.27% of the company’s stock.

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.