Twilio (NYSE:TWLO) Price Target Lowered to $120.00 at Wells Fargo & Company

Twilio (NYSE:TWLO - Free Report) had its target price decreased by Wells Fargo & Company from $160.00 to $120.00 in a report issued on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company's stock.

Several other equities analysts have also commented on the company. Tigress Financial boosted their price target on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price target on shares of Twilio in a report on Friday, February 14th. Piper Sandler reaffirmed an "overweight" rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, Scotiabank upped their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.30.

Twilio Trading Up 1.7 %

Shares of Twilio stock traded up $1.62 during trading hours on Tuesday, hitting $95.15. The company's stock had a trading volume of 2,286,162 shares, compared to its average volume of 2,645,171. 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 company has a market capitalization of $14.52 billion, a PE ratio of -148.67, a P/E/G ratio of 4.30 and a beta of 1.50. The business has a fifty day moving average of $99.35 and a 200 day moving average of $104.18. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts forecast that Twilio will post 1.44 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 7,524 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock valued at $2,344,149 over the last quarter. Insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Twilio

Several institutional investors have recently modified their holdings of TWLO. Arrowstreet Capital Limited Partnership grew its position in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio during the fourth quarter worth approximately $301,258,000. Norges Bank bought a new position in Twilio in the 4th quarter worth approximately $222,146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Twilio by 26.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company's stock valued at $173,190,000 after acquiring an additional 331,202 shares during the period. Finally, Two Sigma Investments LP raised its stake in Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after acquiring an additional 1,048,619 shares in the last quarter. 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.