Twilio (NYSE:TWLO) Given “Overweight” Rating at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Twilio (NYSE:TWLO) in a research report report published on Friday,Benzinga reports. The firm currently has a $142.00 target price on the technology company’s stock, up from their previous target price of $94.00.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group increased their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley upped their target price on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. TD Cowen lifted their price target 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. Finally, Tigress Financial increased their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Price Performance

Shares of NYSE TWLO opened at $135.98 on Friday. Twilio has a 12 month low of $52.51 and a 12 month high of $141.40. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $108.41 and its two-hundred day moving average is $80.68.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was 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. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TWLO. Ritholtz Wealth Management acquired a new position in Twilio in the fourth quarter valued at about $344,000. KBC Group NV increased its stake in shares of Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Zacks Investment Management bought a new position in Twilio during the 3rd quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC grew its holdings in Twilio by 167.1% during the third 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 during the period. Finally, Affinity Investment Advisors LLC bought a new stake in Twilio in the third quarter valued at approximately $434,000. 84.27% of the stock is currently owned by institutional investors.

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.