Analysts Set Twilio Inc. (NYSE:TWLO) PT at $85.87

Shares of Twilio Inc. (NYSE:TWLO) have received a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $85.87.

TWLO has been the subject of several research analyst reports. Needham & Company LLC raised their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased 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. Piper Sandler lifted their price objective on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein upped their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 4,174 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the transaction, the insider now directly owns 152,563 shares in the company, valued at $9,919,646.26. This represents a 2.66 % 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 worth $3,863,961 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several hedge funds have recently modified their holdings of TWLO. True Wealth Design LLC raised its stake in 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 last quarter. SouthState Corp lifted its holdings in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the second quarter valued at approximately $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 buying an additional 264 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Twilio during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 2.8 %

TWLO opened at $110.20 on Friday. Twilio has a 52 week low of $52.51 and a 52 week high of $113.90. 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 firm has a 50-day simple moving average of $86.06 and a two-hundred day simple moving average of $68.42. The company has a market capitalization of $16.90 billion, a PE ratio of -42.88, a price-to-earnings-growth ratio of 3.28 and a beta of 1.38.

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.