Twilio (NYSE:TWLO) Sets New 12-Month High – Here’s Why

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TWLO shares. Mizuho upped their target price on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler increased their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Tigress Financial upped their price target on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Twilio presently has an average rating of “Hold” and an average price target of $81.36.

Twilio Price Performance

The company has a 50-day moving average of $69.98 and a two-hundred day moving average of $62.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market capitalization of $15.32 billion, a PE ratio of -38.86, a P/E/G ratio of 2.79 and a beta of 1.32.

Insider Activity

In other Twilio news, insider Dana Wagner sold 591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now owns 156,737 shares of the company’s stock, valued at $9,540,581.19. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Dana Wagner sold 591 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 11,044 shares of Twilio stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the transaction, the chief executive officer now owns 267,090 shares in the company, valued at $17,678,687.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,468 shares of company stock valued at $3,509,830 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SouthState Corp raised its stake in shares of 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 period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio during the second quarter worth about $29,000. GAMMA Investing LLC boosted its position 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 period. Lynx Investment Advisory acquired a new stake in shares of Twilio in the second quarter valued at about $45,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Twilio during 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.