Twilio (NYSE:TWLO) Shares Up 6.2% After Analyst Upgrade

Shares of Twilio Inc. (NYSE:TWLO) shot up 6.2% during trading on Tuesday after Needham & Company LLC raised their price target on the stock from $91.00 to $165.00. Needham & Company LLC currently has a buy rating on the stock. Twilio traded as high as $147.42 and last traded at $147.55. 2,751,787 shares were traded during mid-day trading, a decline of 21% from the average session volume of 3,463,609 shares. The stock had previously closed at $138.99.

Several other equities analysts have also recently commented on the stock. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. UBS Group boosted their price objective on Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Jefferies Financial Group boosted their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Insider Buying and Selling at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the firm’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 value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio 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 sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. 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 in the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of large investors have recently added to or reduced their stakes in TWLO. GHP Investment Advisors Inc. raised its holdings in Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after buying an additional 104 shares during the last quarter. Tidal Investments LLC increased its position in shares of Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares during the period. Covestor Ltd raised its stake in shares of Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Twilio by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the period. Finally, Metis Global Partners LLC grew its stake in shares of Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business has a 50-day simple moving average of $110.06 and a 200 day simple moving average of $82.15. The firm has a market cap of $22.51 billion, a P/E ratio of -57.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

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.