Twilio’s (TWLO) Outperform Rating Reaffirmed at William Blair

Twilio (NYSE:TWLO)‘s stock had its “outperform” rating reissued by investment analysts at William Blair in a note issued to investors on Friday,RTT News reports.

Several other research analysts also recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a report on Friday. Mizuho raised Twilio from a “neutral” rating to an “outperform” rating and upped their price target for the company from $85.00 to $140.00 in a report on Wednesday, January 8th. Northland Securities lifted their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, TD Cowen upped their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Twilio has a consensus rating of “Hold” and a consensus price target of $102.39.

Twilio Stock Up 22.4 %

Shares of NYSE:TWLO traded up $25.38 on Friday, hitting $138.78. 7,939,594 shares of the company traded hands, compared to its average volume of 2,563,153. The stock has a 50 day simple moving average of $108.09 and a 200-day simple moving average of $80.45. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $21.29 billion, a PE ratio of -54.01, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a 52 week low of $52.51 and a 52 week high of $140.79.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % 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, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its holdings in shares of Twilio by 5.2% during the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 929 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Twilio in the second quarter worth $337,000. Xponance Inc. raised its stake in Twilio by 3.3% during the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock valued at $991,000 after purchasing an additional 561 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Twilio by 62.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock valued at $1,883,000 after purchasing an additional 12,761 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Twilio in the 2nd quarter worth $87,000. 84.27% of the stock is currently owned by institutional investors.

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.