Twilio (NYSE:TWLO) Given New $121.00 Price Target at Piper Sandler

Twilio (NYSE:TWLO) had its price target upped by Piper Sandler from $106.00 to $121.00 in a research note released on Friday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the technology company’s stock.

TWLO has been the topic of a number of other reports. Wells Fargo & Company cut their price objective on Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Morgan Stanley lowered their price target on Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Needham & Company LLC cut their price objective on Twilio from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.13.

Twilio Trading Up 2.3 %

NYSE:TWLO opened at $100.11 on Friday. The company has a market capitalization of $15.28 billion, a P/E ratio of -156.42, a P/E/G ratio of 4.30 and a beta of 1.50. The stock’s 50 day moving average price is $97.36 and its 200 day moving average price is $104.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. On average, research analysts forecast that Twilio will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 in the last quarter. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. Tidal Investments LLC grew its holdings in Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 112 shares during the period. Franklin Resources Inc. increased its position in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after buying an additional 193,971 shares in the last quarter. American Trust acquired a new stake in Twilio during the 3rd quarter worth $224,000. Versant Capital Management Inc lifted its holdings in Twilio by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company’s stock worth $126,000 after acquiring an additional 484 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after acquiring an additional 170 shares during the period. 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.