Twilio (NYSE:TWLO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Twilio (NYSE:TWLO) had its target price boosted by equities research analysts at Morgan Stanley from $77.00 to $115.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential upside of 8.46% from the stock’s current price.

A number of other brokerages have also commented on TWLO. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Oppenheimer lifted their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Robert W. Baird increased their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Piper Sandler raised their target price 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $90.35.

Twilio Stock Up 0.5 %

TWLO stock opened at $106.03 on Wednesday. Twilio has a 52 week low of $52.51 and a 52 week high of $116.43. The firm has a 50 day moving average of $92.92 and a 200 day moving average of $71.16. 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 stock has a market capitalization of $16.26 billion, a PE ratio of -41.26, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,701 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 $435,766.03. Following the completion of the sale, the chief financial officer now directly owns 177,869 shares in the company, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,575 shares of company stock worth $3,863,961 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SouthState Corp increased its position in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the period. True Wealth Design LLC raised its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the second quarter valued at about $29,000. Brooklyn Investment Group purchased a new stake in shares of Twilio during the 3rd quarter worth approximately $46,000. Finally, Venturi Wealth Management LLC boosted its position in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares in the last quarter. 84.27% of the stock is currently 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.