Twilio (NYSE:TWLO) Hits New 12-Month High Following Analyst Upgrade

Twilio Inc. (NYSE:TWLOGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday after Scotiabank raised their price target on the stock from $90.00 to $160.00. Scotiabank currently has a sector outperform rating on the stock. Twilio traded as high as $135.11 and last traded at $135.05, with a volume of 539398 shares traded. The stock had previously closed at $113.40.

TWLO has been the topic of several other reports. The Goldman Sachs Group boosted their price target on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $142.00 target price (up from $94.00) on shares of Twilio in a research report on Friday. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Twilio has an average rating of “Moderate Buy” and a consensus price target of $110.96.

Check Out Our Latest Analysis on TWLO

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % 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 worth $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors have recently bought and sold shares of the business. Sei Investments Co. raised its position in shares of Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after acquiring an additional 929 shares during the period. Evergreen Capital Management LLC acquired a new stake in Twilio in the second quarter worth $337,000. Xponance Inc. boosted its position in shares of Twilio by 3.3% during the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock worth $991,000 after purchasing an additional 561 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Twilio by 62.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock worth $1,883,000 after acquiring an additional 12,761 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Twilio in the 2nd quarter valued at approximately $87,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

The company’s fifty day moving average price is $108.41 and its two-hundred day moving average price is $80.68. The company has a market cap of $20.86 billion, a price-to-earnings ratio of -52.91, a PEG ratio of 2.22 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.

About Twilio

(Get Free Report)

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.

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