Twilio (NYSE:TWLO – Free Report) had its price objective upped by Barclays from $50.00 to $60.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. Barclays currently has an equal weight rating on the technology company’s stock.
Other analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price target on shares of Twilio from $75.00 to $50.00 in a research report on Wednesday, May 10th. The Goldman Sachs Group downgraded shares of Twilio from a buy rating to a neutral rating and lowered their target price for the stock from $90.00 to $53.00 in a research note on Thursday, May 11th. Mizuho downgraded shares of Twilio from a buy rating to a neutral rating and lowered their target price for the stock from $90.00 to $55.00 in a research note on Friday, May 12th. Robert W. Baird reduced their target price on shares of Twilio from $80.00 to $56.00 in a report on Friday, May 12th. Finally, Royal Bank of Canada cut shares of Twilio from a sector perform rating to an underperform rating and dropped their target price for the company from $55.00 to $50.00 in a report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of Hold and an average target price of $71.64.
Check Out Our Latest Analysis on Twilio
Twilio Price Performance
Insider Activity
In other news, insider Elena A. Donio sold 6,485 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $67.07, for a total transaction of $434,948.95. Following the completion of the sale, the insider now directly owns 425,177 shares of the company’s stock, valued at approximately $28,516,621.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Elena A. Donio sold 2,642 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $63.53, for a total transaction of $167,846.26. Following the transaction, the insider now owns 435,681 shares in the company, valued at approximately $27,678,813.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elena A. Donio sold 6,485 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $67.07, for a total transaction of $434,948.95. Following the transaction, the insider now owns 425,177 shares in the company, valued at approximately $28,516,621.39. The disclosure for this sale can be found here. In the last three months, insiders sold 34,024 shares of company stock worth $2,132,369. Company insiders own 4.20% of the company’s stock.
Institutional Trading of Twilio
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Belpointe Asset Management LLC acquired a new position in Twilio during the fourth quarter valued at approximately $63,000. Silver Oak Securities Incorporated acquired a new position in shares of Twilio in the first quarter valued at about $221,000. Schroder Investment Management Group grew its stake in Twilio by 3.9% during the fourth quarter. Schroder Investment Management Group now owns 27,002 shares of the technology company’s stock worth $1,322,000 after buying an additional 1,013 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Twilio by 3.4% in the 1st quarter. Arizona State Retirement System now owns 50,739 shares of the technology company’s stock valued at $3,381,000 after purchasing an additional 1,683 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Twilio by 9.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 113,234 shares of the technology company’s stock valued at $5,544,000 after purchasing an additional 9,882 shares in the last quarter. 77.29% of the stock is currently owned by institutional investors and hedge funds.
About Twilio
Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.
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