Twilio (NYSE:TWLO) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Twilio (NYSE:TWLO) from an equal weight rating to an overweight rating in a research report report published on Monday morning, MarketBeat reports. Morgan Stanley currently has $160.00 price target on the technology company’s stock, up from their prior price target of $144.00.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company upped their target price on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. JMP Securities restated a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Piper Sandler reiterated an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Finally, Scotiabank upped their price target on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Trading Up 3.5 %

Shares of TWLO opened at $119.35 on Monday. Twilio has a one year low of $52.51 and a one year high of $151.95. The stock has a 50-day moving average price of $122.61 and a 200 day moving average price of $93.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market capitalization of $18.31 billion, a P/E ratio of -186.48, a P/E/G ratio of 4.30 and a beta of 1.42.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Sell-side analysts forecast that Twilio will post 1.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,906 shares of company stock valued at $2,950,514. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TWLO. M&T Bank Corp boosted its position in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after purchasing an additional 85 shares in the last quarter. Allworth Financial LP lifted its stake in Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after purchasing an additional 94 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after buying an additional 104 shares in the last quarter. Tidal Investments LLC grew its position in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after buying an additional 112 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its holdings in shares of Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after buying an additional 124 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.