Twilio (NYSE:TWLO) Given New $160.00 Price Target at Oppenheimer

Twilio (NYSE:TWLO) had its price objective boosted by Oppenheimer from $90.00 to $160.00 in a report issued on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Friday. 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. TD Cowen boosted their target price on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Piper Sandler raised their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.96.

Twilio Price Performance

Shares of NYSE TWLO opened at $135.98 on Friday. The stock’s 50-day moving average is $108.41 and its 200 day moving average is $80.68. Twilio has a 1-year low of $52.51 and a 1-year high of $141.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Buying and Selling at Twilio

In other Twilio 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 transaction of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management purchased a new stake in shares of Twilio in the fourth quarter worth $344,000. KBC Group NV boosted its stake in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares in the last quarter. Zacks Investment Management purchased a new stake in Twilio during the 3rd quarter valued at about $3,386,000. Wealth Enhancement Advisory Services LLC increased its stake in Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares in the last quarter. Finally, Affinity Investment Advisors LLC purchased a new position in Twilio in the third quarter worth about $434,000. 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.