Mizuho Boosts Twilio (NYSE:TWLO) Price Target to $85.00

Twilio (NYSE:TWLO - Get Free Report) had its price target lifted by equities researchers at Mizuho from $70.00 to $85.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Mizuho's price objective suggests a potential downside of 24.77% from the stock's previous close.

A number of other research analysts also recently weighed in on TWLO. Oppenheimer lifted their price target on Twilio from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. UBS Group upped their target price on Twilio from $74.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, October 31st. TD Cowen raised their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised shares of Twilio from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $80.00 to $120.00 in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $86.52.

Twilio Trading Down 1.7 %

Shares of NYSE:TWLO traded down $1.98 during mid-day trading on Friday, hitting $112.98. The stock had a trading volume of 2,177,797 shares, compared to its average volume of 2,689,134. The company's 50 day moving average is $88.86 and its 200-day moving average is $69.39. Twilio has a 12-month low of $52.51 and a 12-month high of $116.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $17.33 billion, a PE ratio of -44.73, a P/E/G ratio of 3.27 and a beta of 1.38.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,575 shares of company stock worth $3,863,961 over the last ninety days. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after buying an additional 416 shares in the last quarter. SouthState Corp raised its position in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company's stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio in the second quarter valued at about $29,000. Brooklyn Investment Group bought a new position in shares of Twilio in the third quarter worth about $46,000. Finally, Venturi Wealth Management LLC lifted its holdings in 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 buying an additional 493 shares in the last quarter. 84.27% of the stock is 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.