Twilio Inc. (NYSE:TWLO) Given Consensus Rating of “Hold” by Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have been assigned a consensus recommendation of “Hold” from the twenty-two ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $79.55.

Several research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Barclays upped their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Needham & Company LLC lifted their price objective on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, UBS Group upped their price target on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of the firm’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 of the company’s stock, valued at $11,383,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Twilio news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred 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 of the company’s stock, valued at approximately $11,383,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,418 shares of company stock valued at $3,749,556 over the last quarter. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently modified their holdings of the stock. SouthState Corp lifted its position in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio during the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. Lynx Investment Advisory acquired a new position in shares of Twilio during the 2nd quarter worth approximately $45,000. Finally, Venturi Wealth Management LLC raised its position in shares of 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 purchasing an additional 493 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Trading Up 1.9 %

NYSE:TWLO opened at $94.06 on Tuesday. Twilio has a one year low of $52.51 and a one year high of $96.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $14.43 billion, a P/E ratio of -36.60, a P/E/G ratio of 2.67 and a beta of 1.32. The firm has a 50-day simple moving average of $68.65 and a 200-day simple moving average of $62.24.

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.