Twilio Inc. (NYSE:TWLO) Given Average Rating of "Hold" by Analysts

Twilio Inc. (NYSE:TWLO - Get Free Report) has been given a consensus recommendation of "Hold" by the twenty-three brokerages that are currently covering the stock, MarketBeat.com reports. 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 company. The average 12-month price objective among analysts that have covered the stock in the last year is $85.87.

A number of research firms have issued reports on TWLO. Morgan Stanley boosted their price target on Twilio from $70.00 to $77.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Sanford C. Bernstein boosted their target price on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a report on Tuesday, August 27th. Jefferies Financial Group raised their price target on shares of Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. UBS Group lifted their price target on shares of Twilio from $74.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Tigress Financial increased their price objective on shares of Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 11,044 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the transaction, the chief executive officer now directly owns 267,090 shares of the company's stock, valued at approximately $17,678,687.10. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,575 shares of company stock valued at $3,863,961 in the last quarter. Insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC increased its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after acquiring an additional 416 shares during the period. SouthState Corp grew its position in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company's stock worth $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock valued at $36,000 after buying an additional 264 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Twilio during the third quarter worth approximately $46,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Up 2.8 %

NYSE:TWLO traded up $3.09 during trading hours on Friday, reaching $113.42. 2,631,243 shares of the company were exchanged, compared to its average volume of 2,841,170. Twilio has a 52-week low of $52.51 and a 52-week high of $113.57. The stock has a 50 day simple moving average of $85.16 and a 200 day simple moving average of $68.00. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of -44.13, a PEG ratio of 3.18 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

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.