Twilio (NYSE:TWLO) Price Target Raised to $94.00

Twilio (NYSE:TWLO) had its price target hoisted by Piper Sandler from $83.00 to $94.00 in a research note published on Thursday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other analysts have also recently issued reports on TWLO. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Barclays dropped their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Tigress Financial raised their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.55.

Twilio Stock Performance

Twilio stock opened at $84.84 on Thursday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average of $65.80 and a 200-day moving average of $61.13. The stock has a market cap of $13.63 billion, a P/E ratio of -33.01, a price-to-earnings-growth ratio of 4.59 and a beta of 1.32. Twilio has a 52 week low of $51.90 and a 52 week high of $85.59.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned ($0.23) EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, analysts expect that Twilio will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the transaction, the insider now owns 146,803 shares in the company, valued at $10,276,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the sale, the chief executive officer now directly owns 267,090 shares of the company’s stock, valued at approximately $17,678,687.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Twilio by 78.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after purchasing an additional 31,227 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Twilio by 9.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock valued at $14,051,000 after purchasing an additional 17,856 shares during the period. Farmers Trust Co. lifted its holdings in shares of Twilio by 58.1% during the third quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock worth $3,727,000 after buying an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Twilio by 13.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock valued at $10,770,000 after acquiring an additional 21,245 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.