Twilio (NYSE:TWLO - Get Free Report) had its target price raised by stock analysts at Morgan Stanley from $115.00 to $118.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the technology company's stock. Morgan Stanley's target price would indicate a potential upside of 4.94% from the company's current price.
Several other brokerages have also issued reports on TWLO. Robert W. Baird increased their price target on Twilio from $65.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Tigress Financial increased their target price on Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Barclays boosted their price target 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. Monness Crespi & Hardt raised shares of Twilio from a "neutral" rating to a "buy" rating and set a $135.00 price objective on the stock in a research note on Friday, November 15th. Finally, Mizuho raised shares of Twilio from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $85.00 to $140.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Twilio has a consensus rating of "Hold" and a consensus price target of $93.74.
View Our Latest Stock Analysis on TWLO
Shares of NYSE TWLO traded down $2.19 during trading on Friday, hitting $112.44. 1,446,726 shares of the company traded hands, compared to its average volume of 2,012,826. The firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of -43.85, a P/E/G ratio of 2.13 and a beta of 1.38. The business's fifty day moving average is $106.29 and its 200 day moving average is $78.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $117.92.
In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio 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 completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC increased its position in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after buying an additional 416 shares during the period. Brooklyn Investment Group purchased a new position in Twilio during the third quarter valued at approximately $46,000. Venturi Wealth Management LLC increased its holdings 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 lifted its stake in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after purchasing an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp bought a new position in Twilio in the 3rd quarter valued at $53,000. 84.27% of the stock is currently owned by institutional investors.
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.
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