Twilio (NYSE:TWLO) PT Raised to $75.00

Twilio (NYSE:TWLO - Free Report) had its target price raised by Wells Fargo & Company from $65.00 to $75.00 in a research report released on Friday, Benzinga reports. The firm currently has an equal weight rating on the technology company's stock.

TWLO has been the subject of a number of other research reports. Barclays cut their target price on shares of Twilio from $70.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, August 5th. Oppenheimer upped their price objective on shares of Twilio from $65.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday. JMP Securities reaffirmed a "market outperform" rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. StockNews.com raised shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Twilio from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $71.48.

Twilio Stock Down 1.1 %

NYSE:TWLO traded down $0.76 during trading hours on Friday, reaching $70.48. The company's stock had a trading volume of 2,135,406 shares, compared to its average volume of 2,611,152. The company has a market cap of $12.06 billion, a price-to-earnings ratio of -17.61, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio has a one year low of $49.86 and a one year high of $78.16. The business's 50-day moving average is $64.08 and its 200-day moving average is $60.54.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.23) EPS. Equities research analysts predict that Twilio will post 0.54 EPS for the current year.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company's stock, valued at $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now directly owns 186,501 shares of the company's stock, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock valued at $3,388,596 over the last three months. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds and other institutional investors have recently bought and sold shares of TWLO. SouthState Corp raised its holdings in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company's stock worth $28,000 after acquiring an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio in the 2nd quarter worth about $29,000. GAMMA Investing LLC raised its stake in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock worth $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of Twilio during the 2nd quarter worth approximately $45,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company's stock worth $49,000 after buying an additional 260 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

About Twilio

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.