Twilio (NYSE:TWLO) Reaches New 52-Week High – Should You Buy?

Twilio Inc. (NYSE:TWLO) shares hit a new 52-week high on Wednesday . The stock traded as high as $90.92 and last traded at $90.46, with a volume of 33649 shares trading hands. The stock had previously closed at $88.69.

Analyst Ratings Changes

A number of analysts have recently issued reports on TWLO shares. TD Cowen raised their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley upped their target price on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Mizuho increased their price objective on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Oppenheimer boosted their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Twilio has an average rating of “Hold” and a consensus target price of $79.55.

Twilio Stock Performance

The business’s 50 day moving average price is $66.87 and its two-hundred day moving average price is $61.57. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,418 shares of company stock valued at $3,749,556. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP grew its stake in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP bought a new position in Twilio in the first quarter worth approximately $31,745,000. Institutional investors and hedge funds 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.