Twilio (NYSE:TWLO) Reaches New 12-Month High – Here’s What Happened

Twilio Inc. (NYSE:TWLO)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $97.25 and last traded at $97.00, with a volume of 488215 shares traded. The stock had previously closed at $94.05.

Wall Street Analyst Weigh In

TWLO has been the subject of several recent analyst reports. Wells Fargo & Company raised Twilio from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $120.00 in a research note on Tuesday. Robert W. Baird lifted their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. UBS Group boosted their target price on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Mizuho boosted their target price on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $81.36.

Twilio Stock Performance

The business has a 50 day simple moving average of $69.27 and a two-hundred day simple moving average of $62.48. 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 market cap of $14.92 billion, a PE ratio of -36.60, a price-to-earnings-growth ratio of 2.67 and a beta of 1.32.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Aidan Viggiano sold 1,961 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,418 shares of company stock valued at $3,749,556. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. SouthState Corp boosted its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Twilio during the 2nd quarter worth $29,000. GAMMA Investing LLC boosted its stake in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Finally, Huntington National Bank grew its position in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the period. Institutional investors and hedge funds 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.