Twilio (NYSE:TWLO) Raised to Outperform at Robert W. Baird

Twilio (NYSE:TWLO) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Friday, Marketbeat Ratings reports. The firm presently has a $160.00 price objective on the technology company’s stock, up from their prior price objective of $115.00. Robert W. Baird’s target price points to a potential upside of 41.44% from the company’s previous close.

Several other analysts have also issued reports on the company. Piper Sandler boosted their price target on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the company from $85.00 to $140.00 in a report on Wednesday, January 8th. Tigress Financial boosted their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group upped their price objective on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Twilio currently has an average rating of “Hold” and a consensus price target of $99.26.

Twilio Trading Up 0.4 %

Shares of NYSE:TWLO opened at $113.12 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. The stock’s fifty day moving average price is $108.09 and its 200-day moving average price is $80.45. Twilio has a 1 year low of $52.51 and a 1 year high of $117.92. The company has a market cap of $17.35 billion, a P/E ratio of -44.02, a PEG ratio of 2.22 and a beta of 1.38.

Insider Transactions at Twilio

In other Twilio 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 transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now owns 142,291 shares in the company, valued at $11,383,280. The trade was a 3.07 % 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. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the period. Pacer Advisors Inc. grew its stake in shares of Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after acquiring an additional 398,872 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Twilio by 1,138.4% during the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after purchasing an additional 258,469 shares during the period. Hedge funds and other institutional investors 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.