Piper Sandler Reaffirms Overweight Rating for Twilio (NYSE:TWLO)

Piper Sandler reiterated their overweight rating on shares of Twilio (NYSE:TWLO) in a research note published on Friday,Benzinga reports. They currently have a $142.00 price objective on the technology company’s stock, up from their previous price objective of $94.00.

Other equities research analysts have also issued reports about the stock. Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price target on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. TD Cowen increased their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Barclays boosted their target price on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.96.

Twilio Price Performance

NYSE TWLO opened at $135.98 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a 52-week low of $52.51 and a 52-week high of $141.40. The business has a 50 day simple moving average of $108.41 and a 200 day simple moving average of $80.68.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % 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, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, 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. Insiders have sold a total of 26,527 shares of company stock worth $2,844,655 over the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC grew its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Twilio during the third quarter worth approximately $46,000. Venturi Wealth Management LLC increased its stake in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares during the period. Huntington National Bank increased its stake in Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the period. Finally, Planning Capital Management Corp bought a new stake in shares of Twilio during the 3rd quarter valued at $53,000. 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.