Twilio's (TWLO) Outperform Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of Twilio (NYSE:TWLO - Free Report) in a research note issued to investors on Friday,RTT News reports.

Several other analysts have also commented on the company. Barclays boosted their price target on Twilio from $65.00 to $80.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Monness Crespi & Hardt boosted their target price on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Piper Sandler restated an "overweight" rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Scotiabank raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.91.

Twilio Stock Performance

TWLO traded up $0.26 during trading on Friday, reaching $125.43. 7,403,315 shares of the company's stock were exchanged, compared to its average volume of 3,992,440. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a market capitalization of $19.24 billion, a P/E ratio of -48.81, a PEG ratio of 3.60 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $121.50 and a 200 day moving average price of $91.13.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. As a group, analysts predict that Twilio will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock worth $2,483,695 in the last ninety days. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Twilio

Several large investors have recently made changes to their positions in TWLO. Arrowstreet Capital Limited Partnership boosted its stake in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in Twilio in the 4th quarter valued at approximately $301,258,000. Norges Bank bought a new stake in Twilio in the 4th quarter valued at approximately $222,146,000. Two Sigma Investments LP boosted its position in Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after acquiring an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new position in shares of Twilio during the 4th quarter worth approximately $111,312,000. 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.