Twilio (NYSE:TWLO) Reaches New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

A number of research analysts have recently commented on TWLO shares. Piper Sandler boosted their target price on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer boosted their target price 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. Finally, Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.70.

Twilio Price Performance

The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm’s 50 day simple moving average is $76.32 and its two-hundred day simple moving average is $64.79.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares of the company’s stock, valued at $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock valued at $3,354,771 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Twilio

Institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC lifted its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the last quarter. SouthState Corp lifted its holdings in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio in the 2nd quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Twilio in the 3rd quarter valued at about $46,000. 84.27% of the stock is owned by institutional investors and hedge funds.

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.