Twilio’s (TWLO) “Outperform” Rating Reaffirmed at William Blair

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

Several other research analysts have also weighed in on TWLO. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Tuesday. UBS Group upped their price target on shares of Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler boosted 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. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus boosted their price target on Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.96.

Twilio Price Performance

Shares of NYSE:TWLO opened at $135.98 on Friday. The company’s 50-day moving average price is $108.41 and its two-hundred day moving average price is $80.68. Twilio has a one year low of $52.51 and a one year high of $141.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were 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 in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction 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 transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake in shares of Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after acquiring an additional 929 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Twilio in the second quarter valued at $337,000. Xponance Inc. raised its holdings in shares of Twilio by 3.3% during the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock valued at $991,000 after purchasing an additional 561 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Twilio by 62.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock worth $1,883,000 after purchasing an additional 12,761 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Twilio in the 2nd quarter valued at about $87,000. 84.27% of the stock is currently 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.