Shares of Twilio Inc. (NYSE:TWLO – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $261.23 and last traded at $260.6180, with a volume of 722330 shares trading hands. The stock had previously closed at $243.84.
Analysts Set New Price Targets
TWLO has been the subject of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $261.00 price objective on shares of Twilio in a research note on Friday, August 7th. Tigress Financial boosted their target price on Twilio from $170.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Zacks Research downgraded Twilio from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Oppenheimer lifted their price objective on shares of Twilio from $235.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 target price on shares of Twilio in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and an average price target of $249.68.
View Our Latest Report on TWLO
Twilio Price Performance
Twilio (NYSE:TWLO – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.32 by $0.15. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.43 billion. Twilio had a return on equity of 5.09% and a net margin of 20.61%.Twilio’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. On average, equities research analysts anticipate that Twilio Inc. will post 3.12 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Twilio news, Director Andrew Stafman sold 500,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total transaction of $123,540,000.00. Following the transaction, the director directly owned 120,000 shares in the company, valued at $29,649,600. This trade represents a 80.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 9,093 shares of Twilio stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $201.25, for a total value of $1,829,966.25. Following the sale, the chief financial officer directly owned 118,252 shares of the company’s stock, valued at approximately $23,798,215. This trade represents a 7.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 547,354 shares of company stock valued at $133,284,825 over the last quarter. 0.21% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Twilio
Several large investors have recently modified their holdings of TWLO. CX Institutional grew its stake in Twilio by 9.5% during the 2nd quarter. CX Institutional now owns 701 shares of the technology company’s stock worth $145,000 after buying an additional 61 shares during the last quarter. Affinity Capital Advisors LLC boosted its holdings in shares of Twilio by 2.6% in the second quarter. Affinity Capital Advisors LLC now owns 2,869 shares of the technology company’s stock valued at $600,000 after acquiring an additional 74 shares during the period. Wedmont Private Capital grew its position in shares of Twilio by 2.1% during the second quarter. Wedmont Private Capital now owns 3,691 shares of the technology company’s stock worth $792,000 after acquiring an additional 75 shares during the last quarter. Everhart Financial Group Inc. grew its position in shares of Twilio by 4.3% during the second quarter. Everhart Financial Group Inc. now owns 1,896 shares of the technology company’s stock worth $391,000 after acquiring an additional 79 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Twilio by 27.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 429 shares of the technology company’s stock valued at $54,000 after acquiring an additional 93 shares during the period. Institutional investors own 84.27% of the company’s stock.
About Twilio
Twilio Inc is a cloud communications and customer engagement technology company that provides application programming interfaces (APIs) and software tools for businesses. Its platform enables organizations to integrate communications capabilities such as voice calls, text messaging, email, video, authentication and customer support into websites, mobile applications and other digital products.
Twilio’s offerings include programmable communications services, customer data and analytics tools through Segment, and contact center software through Twilio Flex.
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