Twilio (NYSE:TWLO) Raised to “Buy” at The Goldman Sachs Group

Twilio (NYSE:TWLO) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a $185.00 price objective on the technology company’s stock, up from their prior price objective of $77.00. The Goldman Sachs Group’s price target would suggest a potential upside of 36.05% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $160.00 in a research report on Friday. Jefferies Financial Group boosted their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price objective on shares of Twilio in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and an average price target of $116.17.

Twilio Stock Up 19.9 %

NYSE TWLO opened at $135.98 on Monday. The stock’s 50 day simple moving average is $109.20 and its 200 day simple moving average is $81.40. Twilio has a one year low of $52.51 and a one year high of $141.40. The firm has a market cap of $20.86 billion, a PE ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. 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 related news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,527 shares of company stock valued at $2,844,655. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the period. Covestor Ltd lifted its stake in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after buying an additional 170 shares during the period. Metis Global Partners LLC grew its stake in Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after buying an additional 182 shares during the last quarter. Finally, Carolina Wealth Advisors LLC lifted its position in Twilio by 2.4% during the fourth quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds 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.