Twilio (NYSE:TWLO) Upgraded to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Twilio (NYSE:TWLO - Free Report) from an equal weight rating to an overweight rating in a research report released on Tuesday, MarketBeat Ratings reports. The firm currently has $120.00 target price on the technology company's stock, up from their prior target price of $80.00.

Several other equities analysts have also weighed in on TWLO. Robert W. Baird raised their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Tigress Financial lifted their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. JMP Securities reissued a "market outperform" rating and set a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Piper Sandler increased their target price on Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, Barclays increased their price objective on Twilio from $65.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $81.36.

Twilio Stock Up 3.7 %

NYSE TWLO traded up $3.52 during trading hours on Tuesday, reaching $97.57. 2,904,142 shares of the company traded hands, compared to its average volume of 2,682,717. Twilio has a 12 month low of $52.51 and a 12 month high of $98.49. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $14.97 billion, a PE ratio of -36.60, a PEG ratio of 2.67 and a beta of 1.32. The company has a 50 day moving average of $69.27 and a two-hundred day moving average of $62.48.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company's stock, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Khozema Shipchandler sold 11,073 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,418 shares of company stock valued at $3,749,556. Corporate insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company's stock worth $1,097,665,000 after purchasing an additional 140,791 shares in the last quarter. Affinity Investment Advisors LLC acquired a new stake in shares of Twilio during the third quarter worth $434,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock worth $953,000 after purchasing an additional 9,141 shares during the period. Susquehanna Fundamental Investments LLC increased its position in shares of Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company's stock worth $4,041,000 after purchasing an additional 31,227 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Twilio by 9.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company's stock worth $14,051,000 after purchasing an additional 17,856 shares during the period. 84.27% of the stock is owned by institutional investors.

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.