Piper Sandler Reiterates Overweight Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “overweight” rating restated by equities research analysts at Piper Sandler in a report released on Friday,Benzinga reports. They presently have a $142.00 price target on the technology company’s stock, up from their previous price target of $94.00. Piper Sandler’s price target points to a potential upside of 2.18% from the company’s previous close.

Several other research firms have also issued reports on TWLO. William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday. Mizuho upgraded Twilio from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $140.00 in a research report on Wednesday, January 8th. TD Cowen raised their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Royal Bank of Canada restated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research report on Tuesday. Finally, Needham & Company LLC lifted their target price on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $108.39.

Twilio Trading Up 22.6 %

TWLO traded up $25.58 during mid-day trading on Friday, reaching $138.98. The stock had a trading volume of 10,981,935 shares, compared to its average volume of 2,801,865. The stock has a market capitalization of $21.32 billion, a P/E ratio of -53.97, a P/E/G ratio of 2.22 and a beta of 1.38. 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 firm’s fifty day simple moving average is $108.41 and its two-hundred day simple moving average is $80.68. Twilio has a 52 week low of $52.51 and a 52 week high of $141.40.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 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 owns 244,971 shares of the company’s stock, 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. Insiders sold a total of 26,527 shares of company stock worth $2,844,655 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. True Wealth Design LLC increased its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group acquired a new stake in Twilio in the third quarter valued at $46,000. Venturi Wealth Management LLC increased its holdings in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the period. Huntington National Bank increased its holdings in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after purchasing an additional 532 shares during the period. Finally, Planning Capital Management Corp bought a new stake in Twilio during the third quarter valued at $53,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.