Twilio (NYSE:TWLO) Upgraded at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a research note released on Friday morning, MarketBeat reports. They currently have $135.00 price objective on the technology company’s stock.

TWLO has been the topic of several other research reports. 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. Tigress Financial upped their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $80.00 to $120.00 in a research note on Tuesday. The Goldman Sachs Group lifted their price objective on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio has a consensus rating of “Hold” and an average price target of $83.70.

Twilio Stock Performance

Shares of NYSE TWLO traded down $0.54 during mid-day trading on Friday, hitting $96.59. The company had a trading volume of 3,159,240 shares, compared to its average volume of 2,704,369. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of -37.56, a PEG ratio of 2.89 and a beta of 1.32. The firm’s 50 day simple moving average is $72.24 and its two-hundred day simple moving average is $63.47. Twilio has a 12 month low of $52.51 and a 12 month high of $101.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 6,701 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the transaction, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at $11,566,821.07. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,468 shares of company stock worth $3,509,830 in the last quarter. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently bought and sold shares of TWLO. Empowered Funds LLC lifted its stake in shares of Twilio by 17.3% in the 1st quarter. Empowered Funds LLC now owns 7,526 shares of the technology company’s stock worth $460,000 after purchasing an additional 1,108 shares during the period. Sei Investments Co. raised its holdings in Twilio by 2.2% during the first quarter. Sei Investments Co. now owns 17,842 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 378 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Twilio by 59.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,550 shares of the technology company’s stock worth $829,000 after purchasing an additional 5,063 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Twilio by 9.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after acquiring an additional 17,856 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Twilio by 21.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,684 shares of the technology company’s stock valued at $5,484,000 after purchasing an additional 15,836 shares during the last quarter. 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.