Twilio (NYSE:TWLO) Price Target Raised to $150.00 at Mizuho

Twilio (NYSE:TWLO) had its target price boosted by Mizuho from $140.00 to $150.00 in a research report released on Friday morning,Benzinga reports. Mizuho currently has an outperform rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the company. Piper Sandler reaffirmed an “overweight” rating and issued a $142.00 target price (up from $94.00) on shares of Twilio in a report on Friday. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen increased their target price on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Finally, UBS Group increased their price objective on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.96.

Twilio Stock Up 19.9 %

TWLO opened at $135.98 on Friday. 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 company has a fifty day moving average of $108.41 and a 200 day moving average of $80.68. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $141.40.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optas LLC purchased a new stake in shares of Twilio in the 4th quarter worth approximately $200,000. SkyOak Wealth LLC purchased a new stake in Twilio during the fourth quarter worth $317,000. SYM FINANCIAL Corp bought a new stake in Twilio during the 4th quarter valued at $259,000. Chicago Partners Investment Group LLC purchased a new position in shares of Twilio in the 4th quarter valued at $288,000. Finally, Austin Private Wealth LLC bought a new position in shares of Twilio in the 4th quarter worth $356,000. 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.