Oppenheimer Increases Twilio (NYSE:TWLO) Price Target to $160.00

Twilio (NYSE:TWLO) had its price objective lifted by equities researchers at Oppenheimer from $90.00 to $160.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price suggests a potential upside of 17.67% from the stock’s current price.

A number of other research firms have also recently commented on TWLO. Stifel Nicolaus increased their target price on Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday. Piper Sandler raised their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Northland Securities increased their price target on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Mizuho upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $85.00 to $140.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Stock Performance

Twilio stock opened at $135.98 on Friday. Twilio has a twelve month low of $52.51 and a twelve month high of $141.40. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $20.86 billion, a P/E ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38. The stock’s 50 day moving average is $109.20 and its 200 day moving average is $81.22.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This trade represents 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 worth $2,844,655 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC grew its holdings in shares of Twilio by 5,200.0% in 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 position in Twilio during the third quarter valued at $46,000. Venturi Wealth Management LLC grew its stake in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares in the last quarter. Huntington National Bank increased its holdings in shares of Twilio by 214.5% in the 3rd 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, Planning Capital Management Corp purchased a new stake in shares of Twilio during the 3rd quarter valued at about $53,000. 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.