Analysts Set Twilio Inc. (NYSE:TWLO) PT at $79.55

Shares of Twilio Inc. (NYSE:TWLO) have earned an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $81.36.

A number of brokerages have recently issued reports on TWLO. UBS Group lifted their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company upgraded Twilio from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $120.00 in a research note on Tuesday. TD Cowen increased their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley lifted their target price on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein upped their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th.

Twilio Stock Performance

Shares of TWLO stock opened at $97.13 on Tuesday. 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 firm has a fifty day simple moving average of $70.76 and a two-hundred day simple moving average of $62.99. Twilio has a 12 month low of $52.51 and a 12 month high of $101.00. The firm has a market capitalization of $14.90 billion, a PE ratio of -38.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,682 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $437,938.28. Following the sale, the chief financial officer now directly owns 171,187 shares in the company, valued at $11,219,595.98. The trade was a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,468 shares of company stock valued at $3,509,830 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after acquiring an additional 140,791 shares during the period. FMR LLC lifted its stake in Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after purchasing an additional 77,436 shares in 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 valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after purchasing an additional 224,040 shares during the period. Finally, Kodai Capital Management LP grew its position in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares in the last quarter. 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.