Twilio (NYSE:TWLO) Price Target Raised to $152.00

Twilio (NYSE:TWLO) had its price target raised by Monness Crespi & Hardt from $135.00 to $152.00 in a research note released on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms also recently issued reports on TWLO. Barclays lifted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Twilio in a research note on Friday, January 24th. TD Cowen increased their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Scotiabank raised their price objective on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Finally, Stifel Nicolaus upped their target price on Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.25.

Twilio Stock Down 0.4 %

Shares of Twilio stock opened at $146.32 on Monday. The firm has a market cap of $22.44 billion, a PE ratio of -56.93, a P/E/G ratio of 2.22 and a beta of 1.38. The business’s 50 day simple moving average is $111.06 and its 200 day simple moving average is $82.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a 52-week low of $52.51 and a 52-week high of $148.37.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock worth $2,483,695 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. True Wealth Design LLC lifted its position in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group acquired a new position in shares of Twilio in the 3rd quarter valued at approximately $46,000. Venturi Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 493 shares during the period. Huntington National Bank boosted its position in shares of 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 acquiring an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp bought a new position in Twilio in the third quarter valued at approximately $53,000. 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.