William Blair Reiterates “Outperform” Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “outperform” rating reiterated by equities research analysts at William Blair in a report released on Friday,RTT News reports.

TWLO has been the topic of a number of other research reports. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $140.00 in a report on Wednesday, January 8th. Northland Securities raised their price target on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price objective on Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Tigress Financial raised their target price on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC boosted their price target on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Price Performance

Shares of TWLO opened at $135.98 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $20.86 billion, a P/E ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a 12 month low of $52.51 and a 12 month high of $141.40. The stock has a fifty day moving average price of $109.20 and a 200 day moving average price of $81.22.

Insider Activity

In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the company’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 completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 over the last three months. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Optas LLC acquired a new stake in Twilio during the 4th quarter worth about $200,000. SkyOak Wealth LLC acquired a new position in shares of Twilio in the 4th quarter valued at about $317,000. SYM FINANCIAL Corp purchased a new stake in shares of Twilio in the fourth quarter worth approximately $259,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Twilio during the fourth quarter worth approximately $288,000. Finally, Austin Private Wealth LLC purchased a new position in Twilio during the fourth quarter valued at approximately $356,000. Hedge funds and other 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.