Twilio (NYSE:TWLO) Sets New 1-Year High - Time to Buy?

Twilio Inc. (NYSE:TWLO - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $117.92 and last traded at $116.55, with a volume of 529457 shares. The stock had previously closed at $112.36.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays increased their target price on Twilio from $65.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Needham & Company LLC raised their price objective on Twilio from $71.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Piper Sandler upped their target price on Twilio from $83.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Tigress Financial boosted their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on shares of Twilio from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of "Hold" and an average price target of $93.74.

Twilio Stock Performance

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's 50-day simple moving average is $106.29 and its two-hundred day simple moving average is $78.49. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of -43.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of the business's stock in a transaction 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 transaction, the insider now owns 125,576 shares of the company's stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction on Monday, January 6th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. Insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Twilio

Several large investors have recently added to or reduced their stakes in TWLO. Victory Capital Management Inc. increased its position in shares of Twilio by 21.0% during the second quarter. Victory Capital Management Inc. now owns 27,431 shares of the technology company's stock valued at $1,558,000 after purchasing an additional 4,753 shares during the period. Dimensional Fund Advisors LP boosted its stake in Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company's stock worth $128,396,000 after buying an additional 224,040 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in Twilio in the 2nd quarter valued at $308,000. Blair William & Co. IL raised its stake in shares of Twilio by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 99,144 shares of the technology company's stock valued at $5,632,000 after buying an additional 1,251 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Twilio by 2.5% during the 2nd quarter. Hsbc Holdings PLC now owns 445,640 shares of the technology company's stock worth $25,216,000 after acquiring an additional 11,012 shares during the period. 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.