Twilio (NYSE:TWLO) Given New $135.00 Price Target at Tigress Financial

Twilio (NYSE:TWLO) had its price target hoisted by Tigress Financial from $85.00 to $135.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

TWLO has been the subject of several other reports. Barclays upped their target price on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Mizuho raised their target price on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Northland Securities increased their price target on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Sanford C. Bernstein raised their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Finally, Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.87.

Twilio Trading Down 1.4 %

NYSE:TWLO opened at $102.91 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $15.78 billion, a PE ratio of -40.04, a price-to-earnings-growth ratio of 3.05 and a beta of 1.32. The firm’s 50 day moving average is $78.96 and its 200 day moving average is $65.74. Twilio has a 12 month low of $52.51 and a 12 month high of $108.44.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,682 shares of Twilio stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $437,938.28. Following the completion of the transaction, the chief financial officer now owns 171,187 shares in the company, valued at approximately $11,219,595.98. The trade was a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,946 shares of company stock valued at $3,354,771. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Institutional investors have recently modified their holdings of the stock. SouthState Corp lifted its position in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the last quarter. True Wealth Design LLC increased its stake in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio in the 2nd quarter valued at $29,000. GAMMA Investing LLC grew its stake in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the period. Finally, Lynx Investment Advisory acquired a new position in shares of Twilio during the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.