Twilio (NYSE:TWLO) Shares Gap Up – Time to Buy?

Twilio Inc. (NYSE:TWLO) shares gapped up before the market opened on Wednesday . The stock had previously closed at $109.82, but opened at $113.17. Twilio shares last traded at $111.80, with a volume of 279,631 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TWLO. UBS Group lifted their price objective on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird upped their target price on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Oppenheimer upped their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price target on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $93.61.

Twilio Trading Down 0.3 %

The firm has a market capitalization of $16.79 billion, a PE ratio of -42.60, a PEG ratio of 3.26 and a beta of 1.38. The company’s 50-day moving average price is $103.17 and its 200-day moving average price is $76.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Activity

In related news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of large investors have recently made changes to their positions in TWLO. True Wealth Design LLC increased its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the period. Brooklyn Investment Group acquired a new stake in Twilio during the 3rd quarter worth approximately $46,000. Venturi Wealth Management LLC grew its stake in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the last quarter. Huntington National Bank increased its holdings in shares of Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after purchasing an additional 532 shares during the period. Finally, Planning Capital Management Corp purchased a new position in Twilio during the 3rd quarter worth $53,000. 84.27% of the stock is 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.