Twilio (NYSE:TWLO) Earns Outperform Rating from William Blair

Twilio (NYSE:TWLO)‘s stock had its “outperform” rating reissued by William Blair in a research note issued to investors on Friday,RTT News reports.

Several other analysts have also recently commented on TWLO. Wells Fargo & Company upped their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Mizuho raised Twilio from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $85.00 to $140.00 in a research note on Wednesday, January 8th. Barclays raised their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.39.

Twilio Price Performance

TWLO traded up $25.38 on Friday, reaching $138.78. The stock had a trading volume of 7,939,594 shares, compared to its average volume of 2,563,153. The firm has a 50-day moving average of $108.09 and a 200-day moving average of $80.45. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $140.79. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of -54.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,527 shares of company stock valued at $2,844,655. Corporate 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 TWLO. Tidal Investments LLC boosted its position in Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd boosted its position in shares of Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC grew its stake in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the period. Metis Global Partners LLC raised its holdings in Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares in 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 valued at $976,000 after buying an additional 208 shares during the period. Institutional investors 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.