Twilio (NYSE:TWLO) Price Target Raised to $140.00

Twilio (NYSE:TWLO) had its price target raised by analysts at Wells Fargo & Company from $120.00 to $140.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 29.33% from the stock’s current price.

Other equities analysts have also issued reports about the company. TD Cowen boosted their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Northland Securities lifted their price target on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Piper Sandler raised their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. UBS Group upped their price target on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price objective on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $91.22.

Twilio Trading Up 0.2 %

TWLO stock traded up $0.17 during trading on Thursday, hitting $108.25. The company had a trading volume of 429,482 shares, compared to its average volume of 2,689,245. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $99.94 and a 200-day moving average of $74.59. Twilio has a one year low of $52.51 and a one year high of $116.43. The stock has a market cap of $16.60 billion, a PE ratio of -42.12, a PEG ratio of 3.26 and a beta of 1.38.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 2.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 13,653 shares of company stock worth $1,185,990 over the last ninety days. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after buying an additional 112 shares in the last quarter. Covestor Ltd increased its holdings 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 buying an additional 148 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after purchasing an additional 182 shares during the last quarter. Arizona State Retirement System lifted its position in Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 205 shares during the period. Finally, US Bancorp DE grew its position in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after purchasing an additional 217 shares during the period. 84.27% of the stock is owned by hedge funds and other 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.