Twilio (NYSE:TWLO) Shares Gap Up – Should You Buy?

Twilio Inc. (NYSE:TWLO) gapped up prior to trading on Wednesday . The stock had previously closed at $109.82, but opened at $113.17. Twilio shares last traded at $111.80, with a volume of 279,631 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Morgan Stanley upped their target price on Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Robert W. Baird raised their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, UBS Group upped their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $93.61.

Twilio Trading Down 2.8 %

The firm has a fifty day moving average price of $104.58 and a 200-day moving average price of $76.84. The company has a market capitalization of $16.56 billion, a P/E ratio of -42.01, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after acquiring an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after purchasing an additional 311,481 shares during the period. Hedge funds and other 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.