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

Twilio Inc. (NYSE:TWLO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $90.92 and last traded at $90.46, with a volume of 33649 shares traded. The stock had previously closed at $88.69.

Analyst Ratings Changes

TWLO has been the topic of a number of recent analyst reports. Mizuho lifted their price target on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Piper Sandler lifted their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Tigress Financial increased their price objective on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Barclays boosted their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $79.55.

Twilio Stock Performance

The stock has a 50-day moving average of $66.87 and a 200 day moving average of $61.57. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. The trade was 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 accessible through the SEC website. In other news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the business’s 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 completion of the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,418 shares of company stock valued at $3,749,556 over the last ninety days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its holdings in shares of Twilio by 5.3% in the 3rd quarter. CIBC Asset Management Inc now owns 6,421 shares of the technology company’s stock valued at $419,000 after buying an additional 325 shares during the last quarter. Palo Alto Wealth Advisors LLC bought a new position in shares of Twilio in the 3rd quarter valued at about $757,000. Metis Global Partners LLC raised its holdings in shares of Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after purchasing an additional 182 shares during the period. Planning Capital Management Corp bought a new position in Twilio during the third quarter worth about $53,000. Finally, Huntington National Bank lifted its position in shares of Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

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.