Twilio (NYSE:TWLO) Given New $165.00 Price Target at Needham & Company LLC

Twilio (NYSE:TWLO) had its target price upped by Needham & Company LLC from $91.00 to $165.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other brokerages have also recently weighed in on TWLO. Piper Sandler reissued an “overweight” rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Northland Securities boosted their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Friday, January 24th. Barclays boosted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their target price on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and an average price target of $119.25.

Twilio Stock Performance

Shares of Twilio stock opened at $146.77 on Tuesday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a twelve month low of $52.51 and a twelve month high of $148.37. The stock has a market cap of $22.51 billion, a price-to-earnings ratio of -57.11, a P/E/G ratio of 2.22 and a beta of 1.38. The company’s fifty day moving average is $110.06 and its 200 day moving average is $82.15.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company’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 sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in Twilio in the 4th quarter worth about $294,000. Moloney Securities Asset Management LLC bought a new stake in Twilio in the 4th quarter worth about $860,000. Kingsview Wealth Management LLC bought a new position in shares of Twilio during the 4th quarter valued at approximately $283,000. Apollon Wealth Management LLC bought a new position in shares of Twilio during the 4th quarter valued at approximately $290,000. Finally, Tandem Financial LLC bought a new position in shares of Twilio during the 4th quarter valued at approximately $119,000. 84.27% of the stock is 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.