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

Twilio (NYSE:TWLO)‘s stock had its “overweight” rating restated by analysts at Piper Sandler in a research note issued on Friday,Benzinga reports. They currently have a $142.00 price objective on the technology company’s stock, up from their prior price objective of $94.00. Piper Sandler’s target price would indicate a potential upside of 2.18% from the stock’s previous close.

Several other research analysts have also issued reports on TWLO. Mizuho upgraded Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $85.00 to $140.00 in a report on Wednesday, January 8th. Needham & Company LLC increased their price target on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Northland Securities increased their price target on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $115.00 to $160.00 in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $108.39.

Twilio Stock Up 22.6 %

NYSE:TWLO traded up $25.58 on Friday, hitting $138.98. The stock had a trading volume of 10,981,935 shares, compared to its average volume of 2,801,865. The business’s fifty day moving average is $108.41 and its 200 day moving average is $80.68. The company has a market cap of $21.32 billion, a PE ratio of -53.97, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. 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 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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 in the company, 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. Over the last quarter, insiders have sold 26,527 shares of company stock worth $2,844,655. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several large investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its position in Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd boosted its position in shares of Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares in the last quarter. Finally, Carolina Wealth Advisors LLC boosted its position in shares of Twilio by 2.4% in the 4th quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after purchasing an additional 208 shares in the last quarter. 84.27% of the stock is 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.