Twilio (NYSE:TWLO) Given New $155.00 Price Target at Wells Fargo & Company

Twilio (NYSE:TWLO) had its price objective hoisted by research analysts at Wells Fargo & Company from $140.00 to $155.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 12.58% from the company’s current price.

Several other analysts have also issued reports on TWLO. Stifel Nicolaus increased their price target on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Tigress Financial increased their price target on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. TD Cowen raised their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Morgan Stanley raised their target price on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Northland Securities raised their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.39.

Twilio Stock Performance

Shares of TWLO traded up $24.29 during mid-day trading on Friday, hitting $137.69. 7,041,377 shares of the company’s stock were exchanged, compared to its average volume of 2,472,739. Twilio has a 52 week low of $52.51 and a 52 week high of $140.79. The stock’s 50-day simple moving average is $108.09 and its 200-day simple moving average is $80.45. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of -53.38, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,230,525.72. Following the sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock worth $2,844,655 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its position in shares of 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 acquiring an additional 112 shares in the last quarter. Covestor Ltd grew its position in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC grew its position in Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares in the last quarter. Metis Global Partners LLC grew its position in Twilio by 2.5% in the 3rd 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 grew its position in Twilio by 2.4% in the 4th quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after purchasing an additional 208 shares in the last quarter. 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.