Twilio (NYSE:TWLO) Reaches New 1-Year High – Should You Buy?

Shares of Twilio Inc. (NYSE:TWLO) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $149.22 and last traded at $148.34, with a volume of 2455946 shares trading hands. The stock had previously closed at $146.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Northland Securities upped their price target on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Barclays raised their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus increased their target price on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Twilio Stock Down 1.2 %

The firm’s 50-day moving average is $113.79 and its two-hundred day moving average is $84.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market cap of $22.48 billion, a P/E ratio of -57.03, a PEG ratio of 3.57 and a beta of 1.38.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction on 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 directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock worth $2,483,695 over the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. raised its position in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares during the period. Pacer Advisors Inc. raised its holdings in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after buying an additional 398,872 shares in the last quarter. KBC Group NV boosted its holdings in shares of Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after buying an additional 258,469 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after acquiring an additional 193,971 shares in 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.