Twilio (NYSE:TWLO) Reaches New 12-Month High on Analyst Upgrade

Twilio Inc. (NYSE:TWLO) shares reached a new 52-week high on Friday after UBS Group raised their price target on the stock from $140.00 to $145.00. UBS Group currently has a buy rating on the stock. Twilio traded as high as $135.11 and last traded at $135.05, with a volume of 539398 shares changing hands. The stock had previously closed at $113.40.

Several other analysts have also recently issued reports on TWLO. Jefferies Financial Group increased their price objective on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. TD Cowen boosted their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Barclays upped their price target on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their target price on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.74.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred 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 approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,527 shares of company stock worth $2,844,655. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC raised its stake in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after buying an additional 112 shares during the last quarter. Covestor Ltd raised its position in shares of Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the last quarter. Metis Global Partners LLC grew its holdings in Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after buying an additional 182 shares in the last quarter. Finally, Carolina Wealth Advisors LLC increased its position in Twilio by 2.4% during the fourth quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 20.9 %

The company’s 50-day moving average price is $108.09 and its 200 day moving average price is $80.45. 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 $21.02 billion, a PE ratio of -53.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

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.