Stifel Nicolaus Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price target lifted by Stifel Nicolaus from $110.00 to $130.00 in a research note published on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

Several other analysts also recently weighed in on TWLO. Barclays raised their target price on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. TD Cowen raised their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company upped their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC raised their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.96.

Twilio Price Performance

Shares of TWLO stock opened at $135.98 on Friday. The firm has a fifty day simple moving average of $108.41 and a 200-day simple moving average of $80.68. Twilio has a twelve month low of $52.51 and a twelve month high of $141.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction 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 approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

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