Twilio (NYSE:TWLO) Upgraded by The Goldman Sachs Group to Buy Rating

The Goldman Sachs Group upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a report published on Monday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has $185.00 target price on the technology company’s stock, up from their previous target price of $77.00.

Several other equities research analysts also recently weighed in on TWLO. Morgan Stanley raised their price target on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Barclays lifted their target price on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Northland Securities boosted their price target on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.17.

Twilio Price Performance

TWLO opened at $139.13 on Monday. The business’s 50-day moving average is $109.20 and its two-hundred day moving average is $81.58. Twilio has a 1 year low of $52.51 and a 1 year high of $142.31. 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 firm has a market capitalization of $21.34 billion, a PE ratio of -54.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock worth $2,844,655 in the last three months. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Twilio

Large investors have recently modified their holdings of the business. True Wealth Design LLC lifted its stake in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Twilio during the 3rd quarter worth about $46,000. Venturi Wealth Management LLC increased its holdings in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the period. Huntington National Bank increased its holdings in Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the period. Finally, Raleigh Capital Management Inc. increased its holdings in Twilio by 15,540.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock worth $85,000 after purchasing an additional 777 shares during the period. Institutional investors and hedge funds 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.