Twilio (NYSE:TWLO) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a research report sent to investors on Monday, Marketbeat Ratings reports. The Goldman Sachs Group currently has $185.00 target price on the technology company’s stock, up from their previous target price of $77.00.

Other research analysts also recently issued research reports about the stock. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Morgan Stanley increased their price target on shares of Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. UBS Group increased their target price on Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Twilio Trading Down 0.4 %

Shares of Twilio stock opened at $146.32 on Monday. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $148.37. The business’s fifty day moving average is $111.06 and its two-hundred day moving average is $82.78. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $22.44 billion, a PE ratio of -56.93, a P/E/G ratio of 2.22 and a beta of 1.38.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated 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 directly owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,015 shares of company stock valued at $2,483,695. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

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