Analysts Set Twilio Inc. (NYSE:TWLO) Target Price at $90.35

Twilio Inc. (NYSE:TWLO - Get Free Report) has earned an average recommendation of "Hold" from the twenty-three ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $90.35.

A number of analysts recently weighed in on TWLO shares. Monness Crespi & Hardt upgraded shares of Twilio from a "neutral" rating to a "buy" rating and set a $135.00 target price on the stock in a research note on Friday, November 15th. Oppenheimer raised their price objective on shares of Twilio from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. UBS Group boosted their target price on shares of Twilio from $74.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their price target on Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Finally, Tigress Financial upped their price objective on Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th.

Twilio Trading Down 0.5 %

Twilio stock traded down $0.54 during midday trading on Wednesday, reaching $108.08. 1,548,460 shares of the stock traded hands, compared to its average volume of 2,689,245. Twilio has a 12-month low of $52.51 and a 12-month high of $116.43. The company has a 50-day simple moving average of $99.94 and a two-hundred day simple moving average of $74.59. The firm has a market cap of $16.58 billion, a PE ratio of -42.05, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,629 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company's stock, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 11,044 shares of the company's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total value of $731,002.36. Following the sale, the chief executive officer now owns 267,090 shares of the company's stock, valued at $17,678,687.10. This represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,627 shares of company stock worth $2,436,725. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock worth $600,447,000 after buying an additional 77,436 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock valued at $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Geode Capital Management LLC grew its stake in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company's stock valued at $128,396,000 after purchasing an additional 224,040 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock valued at $75,813,000 after buying an additional 311,481 shares during the last quarter. 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.