Twilio (NYSE:TWLO) Price Target Raised to $135.00 at Stifel Nicolaus

Twilio (NYSE:TWLO - Free Report) had its target price raised by Stifel Nicolaus from $130.00 to $135.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a hold rating on the technology company's stock.

Several other research firms also recently issued reports on TWLO. TD Cowen increased their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Scotiabank increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Tigress Financial increased their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Northland Securities increased their price objective on shares of Twilio from $66.00 to $86.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and a consensus target price of $130.91.

Twilio Stock Performance

NYSE TWLO traded up $0.26 during mid-day trading on Friday, reaching $125.43. 7,403,315 shares of the stock were exchanged, compared to its average volume of 3,992,440. The business's 50 day moving average is $121.50 and its 200-day moving average is $91.13. Twilio has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a market capitalization of $19.24 billion, a P/E ratio of -48.81, a P/E/G ratio of 3.60 and a beta of 1.43. 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 (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, equities research analysts forecast that Twilio will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of Twilio 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 completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares of the company's stock, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,015 shares of company stock worth $2,483,695. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of Twilio by 15.4% in the third quarter. Creative Planning now owns 32,451 shares of the technology company's stock valued at $2,116,000 after purchasing an additional 4,322 shares during the period. Probity Advisors Inc. purchased a new position in shares of Twilio in the third quarter valued at approximately $234,000. Raymond James & Associates boosted its stake in shares of Twilio by 235.4% in the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company's stock valued at $5,047,000 after purchasing an additional 54,310 shares during the period. Allspring Global Investments Holdings LLC boosted its stake 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 valued at $26,066,000 after purchasing an additional 398,872 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Twilio by 9,679.5% in the third quarter. International Assets Investment Management LLC now owns 89,091 shares of the technology company's stock valued at $5,811,000 after purchasing an additional 88,180 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.