Twilio (NYSE:TWLO) Rating Increased to Outperform at Mizuho

Mizuho upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to an outperform rating in a research report released on Wednesday, MarketBeat Ratings reports. Mizuho currently has $140.00 price target on the technology company’s stock, up from their prior price target of $85.00.

Several other analysts also recently weighed in on TWLO. Piper Sandler lifted their target price on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. TD Cowen upped their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Oppenheimer increased their price objective on 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 boosted their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus price target of $93.61.

Twilio Price Performance

Shares of NYSE TWLO opened at $110.87 on Wednesday. The stock has a fifty day moving average price of $103.97 and a 200 day moving average price of $76.60. Twilio has a 1-year low of $52.51 and a 1-year high of $116.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $17.01 billion, a PE ratio of -43.14, a P/E/G ratio of 3.26 and a beta of 1.38.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TWLO. CWA Asset Management Group LLC purchased a new position in shares of Twilio in the 4th quarter valued at $3,382,000. Everence Capital Management Inc. acquired a new position in shares of Twilio during the fourth quarter worth about $467,000. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 170 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Twilio by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company’s stock valued at $126,000 after buying an additional 484 shares in the last quarter. Finally, American Trust purchased a new stake in shares of Twilio during the 3rd quarter valued at about $224,000. Hedge funds and other 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.