Twilio (NYSE:TWLO) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Twilio (NYSE:TWLO) had its price objective hoisted by Needham & Company LLC from $91.00 to $165.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 18.60% from the company’s previous close.

A number of other research firms also recently weighed in on TWLO. Scotiabank raised their price target on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday. Jefferies Financial Group boosted their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research note on Tuesday, January 21st. Finally, Oppenheimer boosted their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Price Performance

TWLO stock opened at $139.13 on Tuesday. The firm has a 50 day simple moving average of $109.20 and a two-hundred day simple moving average of $81.58. The stock has a market cap of $21.34 billion, a PE ratio of -54.14, a P/E/G ratio of 2.22 and a beta of 1.38. Twilio has a one year low of $52.51 and a one year high of $142.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents 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 in the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC raised its stake in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group purchased a new position in shares of Twilio in the third quarter worth $46,000. Venturi Wealth Management LLC boosted its position in shares of Twilio by 205.4% during the third 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 last quarter. Huntington National Bank grew its stake in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Twilio by 15,540.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock valued at $85,000 after acquiring an additional 777 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

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.