Twilio (NYSE:TWLO) Stock Price Expected to Rise, Piper Sandler Analyst Says

Key Points

• Equities research firm Piper Sandler has raised its price target for Twilio from $140.00 to $144.00, indicating a potential upside of 17.31% from its previous close.
• Twilio reported a 13.5% year-over-year increase in quarterly revenue, achieving $1.23 billion in revenue and an EPS of $1.19, surpassing analyst expectations.
• Insider selling has been noted, with CEO Khozema Shipchandler selling over 20,000 shares, reflecting a 7.13% decrease in their ownership stake.

Twilio (NYSE:TWLO - Get Free Report) had its price target increased by equities research analysts at Piper Sandler from $140.00 to $144.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. Piper Sandler's price target suggests a potential upside of 17.31% from the stock's previous close.

Other analysts have also issued research reports about the company. KeyCorp initiated coverage on Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective on the stock. Scotiabank increased their price target on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and upped their target price for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. Finally, Robert W. Baird decreased their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $127.39.

Twilio Stock Performance

NYSE:TWLO opened at $122.75 on Friday. The company has a fifty day moving average of $122.32 and a two-hundred day moving average of $114.43. Twilio has a fifty-two week low of $56.85 and a fifty-two week high of $151.95. The stock has a market capitalization of $18.74 billion, a PE ratio of -584.53, a P/E/G ratio of 3.94 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. Twilio's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. As a group, research analysts forecast that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 20,008 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the transaction, the chief executive officer owned 260,581 shares of the company's stock, valued at $32,450,151.93. This represents a 7.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,888 shares of company stock worth $6,753,409. 0.21% of the stock is currently owned by insiders.

Institutional Trading of Twilio

Several institutional investors have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. grew its position in Twilio by 17.7% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,280,363 shares of the technology company's stock valued at $321,180,000 after acquiring an additional 493,000 shares during the period. Alyeska Investment Group L.P. raised its holdings in Twilio by 36.4% in the first quarter. Alyeska Investment Group L.P. now owns 2,071,826 shares of the technology company's stock valued at $202,852,000 after buying an additional 553,043 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Twilio by 19.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,920,443 shares of the technology company's stock valued at $188,031,000 after buying an additional 318,015 shares during the period. Ninety One UK Ltd acquired a new position in Twilio during the second quarter valued at approximately $212,059,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Twilio by 26.1% during the fourth 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 worth $173,190,000 after buying an additional 331,202 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.

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