Twilio (NYSE:TWLO) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Twilio (NYSE:TWLO) from an equal weight rating to an overweight rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $120.00 price objective on the technology company’s stock, up from their previous price objective of $80.00.

A number of other equities analysts have also recently issued reports on the company. TD Cowen increased their target price on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. UBS Group lifted their target price on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays upped their price target on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Piper Sandler lifted their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird increased 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Twilio presently has a consensus rating of “Hold” and an average target price of $81.36.

Twilio Trading Down 2.7 %

Shares of TWLO opened at $97.13 on Tuesday. Twilio has a twelve month low of $52.51 and a twelve month high of $101.00. 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 firm’s 50 day moving average price is $70.76 and its two-hundred day moving average price is $62.99.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,468 shares of company stock worth $3,509,830. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently bought and sold shares of TWLO. AQR Capital Management LLC increased its holdings in shares of Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares during the period. Kodai Capital Management LP increased its stake in Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after acquiring an additional 761,356 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after acquiring an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after acquiring an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP acquired a new stake in shares of Twilio during the 1st quarter worth $31,745,000. 84.27% of the stock is 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.