Wells Fargo & Company Upgrades Twilio (NYSE:TWLO) to “Overweight”

Twilio (NYSE:TWLO) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a $120.00 price objective on the technology company’s stock, up from their prior price objective of $80.00. Wells Fargo & Company‘s price target would indicate a potential upside of 20.16% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Tigress Financial lifted their price objective on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Piper Sandler lifted their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Sanford C. Bernstein lifted their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $81.36.

Twilio Stock Performance

NYSE TWLO opened at $99.87 on Tuesday. The stock has a market cap of $15.32 billion, a P/E ratio of -38.86, a PEG ratio of 2.79 and a beta of 1.32. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a twelve month low of $52.51 and a twelve month high of $100.07. The company’s 50-day simple moving average is $69.98 and its 200 day simple moving average is $62.73.

Insider Activity

In related news, insider Dana Wagner sold 591 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the transaction, the chief financial officer now directly owns 177,869 shares in the company, valued at approximately $11,566,821.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,468 shares of company stock valued at $3,509,830. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TWLO. Covestor Ltd grew its stake in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the period. Tidal Investments LLC increased its stake in Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after purchasing an additional 166 shares in the last quarter. Metis Global Partners LLC increased its stake in Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares in the last quarter. Arizona State Retirement System raised its holdings in Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after buying an additional 205 shares during the period. Finally, US Bancorp DE lifted its stake in Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Company Profile

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.