Twilio (NYSE:TWLO) Price Target Lowered to $130.00 at Robert W. Baird

Twilio (NYSE:TWLO - Free Report) had its price target cut by Robert W. Baird from $160.00 to $130.00 in a research note released on Wednesday,Benzinga reports. They currently have an outperform rating on the technology company's stock.

TWLO has been the topic of several other reports. Needham & Company LLC dropped their target price on Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a report on Tuesday. Scotiabank cut their price objective on shares of Twilio from $160.00 to $130.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group decreased their target price on shares of Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a report on Monday, April 28th. Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Finally, Piper Sandler restated an "overweight" rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio presently has an average rating of "Moderate Buy" and an average price target of $121.13.

Twilio Trading Up 2.3 %

NYSE:TWLO traded up $2.23 during trading hours on Wednesday, hitting $100.11. The company had a trading volume of 7,162,474 shares, compared to its average volume of 2,694,647. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a 50-day moving average price of $97.36 and a 200 day moving average price of $105.12. The company has a market capitalization of $15.28 billion, a PE ratio of -156.42, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the business posted $0.80 EPS. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts predict that Twilio will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction 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. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 112 shares during the period. Franklin Resources Inc. raised its position in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after buying an additional 193,971 shares during the last quarter. American Trust purchased a new position in shares of Twilio in the third quarter worth $224,000. Versant Capital Management Inc boosted its position in shares of Twilio by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company's stock worth $126,000 after acquiring an additional 484 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Twilio by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock worth $92,000 after acquiring an additional 170 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

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.