Twilio (NYSE:TWLO) Rating Increased to Buy at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a report issued on Friday morning, Marketbeat reports. They currently have $135.00 price objective on the technology company’s stock.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC increased their price target on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler upped their target price on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Sanford C. Bernstein increased their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $120.00 in a research note on Tuesday. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.70.

Twilio Trading Down 0.6 %

NYSE TWLO traded down $0.54 on Friday, hitting $96.59. 3,159,240 shares of the stock were exchanged, compared to its average volume of 2,704,369. Twilio has a 52-week low of $52.51 and a 52-week high of $101.00. The stock has a fifty day moving average price of $72.24 and a two-hundred day moving average price of $63.47. The firm has a market capitalization of $14.81 billion, a P/E ratio of -37.56, a P/E/G ratio of 2.89 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Activity

In related news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 591 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares in the company, valued at approximately $9,540,581.19. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,468 shares of company stock worth $3,509,830. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently modified their holdings of TWLO. Empowered Funds LLC lifted its holdings in Twilio by 17.3% in the first quarter. Empowered Funds LLC now owns 7,526 shares of the technology company’s stock valued at $460,000 after acquiring an additional 1,108 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Twilio by 2.2% in the first quarter. Sei Investments Co. now owns 17,842 shares of the technology company’s stock valued at $1,091,000 after buying an additional 378 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Twilio by 59.7% in the first quarter. Avantax Advisory Services Inc. now owns 13,550 shares of the technology company’s stock valued at $829,000 after buying an additional 5,063 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of 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 worth $14,051,000 after buying an additional 17,856 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Twilio by 21.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,684 shares of the technology company’s stock worth $5,484,000 after buying an additional 15,836 shares in the last quarter. Institutional investors and hedge funds 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.