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

Shares of Twilio Inc. (NYSE:TWLO) gapped up before the market opened 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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TWLO shares. The Goldman Sachs Group lifted their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley raised their target price on Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.61.

Twilio Stock Down 2.8 %

The firm’s 50 day simple moving average is $104.58 and its 200-day simple moving average is $76.84. 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 stock has a market capitalization of $16.56 billion, a price-to-earnings ratio of -42.01, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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 approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its position in Twilio by 0.8% during 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 shares of 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 acquiring an additional 444,295 shares in the last quarter. Geode Capital Management LLC grew its position in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares during the last quarter. Dimensional Fund Advisors LP increased 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 worth $128,396,000 after purchasing an additional 224,040 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares during 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.