Twilio (NYSE:TWLO) Given New $77.00 Price Target at The Goldman Sachs Group

Twilio (NYSE:TWLO) had its target price increased by The Goldman Sachs Group from $67.00 to $77.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Mizuho upped their price target on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler upped 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. Wells Fargo & Company lifted their price target on shares of Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Tigress Financial upped their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, UBS Group lifted their target price on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $79.55.

Twilio Stock Up 3.1 %

Twilio stock opened at $87.50 on Friday. The stock has a market cap of $14.05 billion, a PE ratio of -34.05, a P/E/G ratio of 4.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The stock’s fifty day moving average is $66.33 and its two-hundred day moving average is $61.35. Twilio has a 1-year low of $52.45 and a 1-year high of $88.96.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the completion of the transaction, the chief financial officer now owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,418 shares of company stock valued at $3,749,556 in the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently modified their holdings of the business. SouthState Corp raised its position in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Twilio during the second quarter worth $29,000. GAMMA Investing LLC raised its holdings in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after acquiring an additional 264 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of Twilio in the second quarter valued at $45,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. 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.