Twilio (NYSE:TWLO) Upgraded at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a research report released on Friday morning, MarketBeat.com reports. The firm currently has $135.00 price objective on the technology company’s stock.

Several other research firms have also recently commented on TWLO. Sanford C. Bernstein lifted their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. upped their target price on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Oppenheimer increased their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two investment 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’s stock. Based on data from MarketBeat.com, Twilio has an average rating of “Hold” and an average target price of $83.70.

Twilio Trading Down 0.6 %

Shares of TWLO stock opened at $96.59 on Friday. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of -37.58, a PEG ratio of 2.79 and a beta of 1.32. 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 firm has a 50-day moving average price of $72.24 and a 200 day moving average price of $63.52. Twilio has a twelve month low of $52.51 and a twelve month high of $101.00.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 591 shares of Twilio stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now owns 156,737 shares in the company, valued at approximately $9,540,581.19. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,468 shares of company stock valued at $3,509,830. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently bought and sold shares of TWLO. SouthState Corp grew its position in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. True Wealth Design LLC increased its stake 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio during the second quarter worth $29,000. GAMMA Investing LLC lifted its position in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new position in shares of Twilio in the 2nd quarter valued at about $45,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.