Twilio (NYSE:TWLO) Given New $68.00 Price Target at Sanford C. Bernstein

Twilio (NYSE:TWLO) had its price target reduced by analysts at Sanford C. Bernstein from $70.00 to $68.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 15.14% from the stock’s current price.

Other analysts have also issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Northland Securities cut shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a report on Thursday, February 15th. TD Cowen dropped their price objective on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Barclays lifted their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio currently has an average rating of “Hold” and an average price target of $68.05.

Twilio Stock Down 6.8 %

Shares of TWLO stock traded down $4.31 on Wednesday, hitting $59.06. The stock had a trading volume of 4,369,324 shares, compared to its average volume of 3,176,018. Twilio has a 12-month low of $45.02 and a 12-month high of $78.16. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of -10.77 and a beta of 1.33. The business has a 50 day moving average of $60.72 and a 200 day moving average of $64.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64.

Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. As a group, analysts expect that Twilio will post -0.11 EPS for the current year.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 841 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $61.43, for a total transaction of $51,662.63. Following the sale, the insider now directly owns 166,773 shares of the company’s stock, valued at approximately $10,244,865.39. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock worth $1,910,447 over the last three months. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Twilio by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company’s stock valued at $1,351,212,000 after purchasing an additional 241,738 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Twilio by 1.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company’s stock valued at $359,118,000 after buying an additional 111,093 shares in the last quarter. Norges Bank bought a new position in shares of Twilio in the 4th quarter valued at about $179,739,000. Dimensional Fund Advisors LP increased its stake in Twilio by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock worth $105,131,000 after acquiring an additional 217,796 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Twilio by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock valued at $95,261,000 after purchasing an additional 43,124 shares during the period. 84.27% of the stock is owned by hedge funds and other 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.