Twilio (NYSE:TWLO) Given New $165.00 Price Target at Needham & Company LLC

Twilio (NYSE:TWLO) had its price objective hoisted by analysts at Needham & Company LLC from $91.00 to $165.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 18.60% from the company’s current price.

A number of other brokerages have also recently commented on TWLO. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $185.00 in a research note on Monday. Scotiabank upped their price objective on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday. Oppenheimer lifted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday. 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, TD Cowen lifted their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Price Performance

TWLO stock opened at $139.13 on Tuesday. The stock has a market cap of $21.34 billion, a price-to-earnings ratio of -54.14, 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 current ratio of 5.06 and a quick ratio of 5.06. The company has a 50 day simple moving average of $109.20 and a 200 day simple moving average of $81.58. Twilio has a 1 year low of $52.51 and a 1 year high of $142.31.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction 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 sale, the insider now owns 142,291 shares in the company, valued at $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. In the last quarter, insiders have sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Twilio

A number of large investors have recently added to or reduced their stakes in TWLO. FMR LLC lifted its holdings in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the period. Geode Capital Management LLC grew its stake in Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after buying an additional 33,824 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after acquiring an additional 630,627 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after acquiring an additional 4,061 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.