Twilio (NYSE:TWLO) Sets New 52-Week High – Still a Buy?

Shares of Twilio Inc. (NYSE:TWLO) hit a new 52-week high during trading on Thursday . The company traded as high as $117.92 and last traded at $116.55, with a volume of 529457 shares trading hands. The stock had previously closed at $112.36.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TWLO shares. Mizuho upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $140.00 in a research note on Wednesday, January 8th. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Friday, November 15th. Oppenheimer increased their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Twilio has an average rating of “Hold” and an average target price of $93.61.

Twilio Trading Up 2.6 %

The company has a market capitalization of $17.68 billion, a PE ratio of -44.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. 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 stock’s fifty day moving average price is $105.85 and its two-hundred day moving average price is $78.25.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,527 shares of company stock valued at $2,844,655. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Twilio during the third quarter valued at approximately $46,000. Venturi Wealth Management LLC increased its position 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 in the last quarter. Huntington National Bank lifted its position in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp purchased a new stake in Twilio during the 3rd quarter valued at $53,000. Hedge funds and other institutional investors 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.