Twilio (NYSE:TWLO) Hits New 52-Week High – Should You Buy?

Twilio Inc. (NYSE:TWLO)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $101.97 and last traded at $101.08, with a volume of 866366 shares trading hands. The stock had previously closed at $98.44.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Oppenheimer upped their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Needham & Company LLC upped their price objective on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler upped their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price target on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.70.

Twilio Stock Up 3.8 %

The stock has a market cap of $15.67 billion, a PE ratio of -39.74, a price-to-earnings-growth ratio of 2.78 and a beta of 1.32. 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 firm has a fifty day moving average of $74.57 and a 200 day moving average of $64.25.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,682 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $437,938.28. Following the completion of the sale, the chief financial officer now directly owns 171,187 shares of the company’s stock, valued at approximately $11,219,595.98. This represents a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 1,248 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $81,793.92. Following the completion of the transaction, the insider now owns 151,315 shares in the company, valued at $9,917,185.10. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,946 shares of company stock worth $3,354,771. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

Several large investors have recently modified their holdings of TWLO. Covestor Ltd lifted its holdings in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the period. Tidal Investments LLC boosted its holdings in shares of Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after purchasing an additional 166 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after acquiring an additional 182 shares during the last quarter. Arizona State Retirement System increased its stake in Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after acquiring an additional 205 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Twilio by 4.7% during the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.