Twilio (NYSE:TWLO) Stock Rating Upgraded by Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Twilio (NYSE:TWLO - Free Report) from a neutral rating to a buy rating in a research note released on Friday, MarketBeat Ratings reports. They currently have $135.00 price target on the technology company's stock.

Several other equities research analysts also recently commented on TWLO. Oppenheimer lifted their price objective on shares of Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Tigress Financial upped their target price on Twilio from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Piper Sandler lifted their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Mizuho boosted their target price on shares of Twilio from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, UBS Group lifted their price target on Twilio from $74.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio has an average rating of "Hold" and an average price target of $83.70.

Twilio Trading Down 0.8 %

Shares of NYSE TWLO traded down $0.81 during mid-day trading on Friday, reaching $96.32. The company had a trading volume of 2,162,021 shares, compared to its average volume of 2,699,882. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of -37.77, a price-to-earnings-growth ratio of 2.89 and a beta of 1.32. The business's 50-day moving average is $71.47 and its 200-day moving average is $63.23. Twilio has a 52 week low of $52.51 and a 52 week high of $101.00. 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 Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 591 shares of Twilio stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the sale, the insider now owns 156,737 shares of the company's stock, valued at $9,540,581.19. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,468 shares of company stock worth $3,509,830 over the last ninety days. Insiders own 4.50% of the company's stock.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SouthState Corp lifted its stake 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. True Wealth Design LLC boosted its holdings in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after acquiring an additional 416 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio in the 2nd quarter worth about $29,000. GAMMA Investing LLC increased its holdings 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. Finally, Lynx Investment Advisory bought a new position in Twilio in the second quarter valued at about $45,000. Institutional investors own 84.27% of the company's stock.

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.