Twilio (NYSE:TWLO) Upgraded at Robert W. Baird

Twilio (NYSE:TWLO) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Marketbeat reports. The firm presently has a $160.00 target price on the technology company’s stock, up from their prior target price of $115.00. Robert W. Baird’s target price indicates a potential upside of 41.44% from the company’s previous close.

Several other brokerages also recently issued reports on TWLO. TD Cowen raised their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Needham & Company LLC lifted their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price objective on shares of Twilio in a report on Tuesday. Finally, Mizuho raised Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $85.00 to $140.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $99.26.

Twilio Stock Up 0.4 %

Shares of NYSE:TWLO opened at $113.12 on Friday. 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 company has a 50 day moving average price of $108.09 and a two-hundred day moving average price of $80.45. Twilio has a 52 week low of $52.51 and a 52 week high of $117.92. The company has a market capitalization of $17.35 billion, a PE ratio of -44.02, a PEG ratio of 2.22 and a beta of 1.38.

Insiders Place Their Bets

In other Twilio 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 transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after buying an additional 929 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Twilio during the second quarter valued at about $337,000. Xponance Inc. grew its position in shares of Twilio by 3.3% during the 2nd quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock valued at $991,000 after purchasing an additional 561 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Twilio by 62.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock worth $1,883,000 after acquiring an additional 12,761 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Twilio during the second quarter valued at approximately $87,000. 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.