Twilio (NYSE:TWLO) Shares Gap Up – Here’s What Happened

Twilio Inc. (NYSE:TWLO)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $109.82, but opened at $113.17. Twilio shares last traded at $111.80, with a volume of 279,631 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TWLO. Tigress Financial upped their price objective on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Piper Sandler upped their target price on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. UBS Group lifted their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Morgan Stanley upped their price target on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $93.61.

Twilio Stock Down 0.3 %

The firm has a 50-day moving average of $103.17 and a two-hundred day moving average of $76.36. The firm has a market capitalization of $16.79 billion, a PE ratio of -42.60, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Pacer Advisors Inc. grew its stake in Twilio by 18.3% during 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after purchasing an additional 311,481 shares during 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.