Twilio (NYSE:TWLO) Hits New 52-Week High – What’s Next?

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

Analyst Ratings Changes

Several equities research analysts recently commented on TWLO shares. Stifel Nicolaus lifted their price target on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. boosted their target price on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. UBS Group raised their price target on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird increased their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.74.

Twilio Price Performance

The stock has a market cap of $17.18 billion, a PE ratio of -43.57, a PEG ratio of 2.13 and a beta of 1.38. The company has a 50-day simple moving average of $107.13 and a 200-day simple moving average of $79.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction 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. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the period. Brooklyn Investment Group acquired a new position in Twilio in the third quarter valued at $46,000. Venturi Wealth Management LLC lifted its stake in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares in the last quarter. Huntington National Bank grew its holdings in shares of Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the period. Finally, Planning Capital Management Corp acquired a new stake in Twilio during the 3rd quarter worth approximately $53,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.