Twilio Inc (NYSE:TWLO) hit a new 52-week high on Tuesday . The company traded as high as $87.97 and last traded at $87.03, with a volume of 97173 shares traded. The stock had previously closed at $83.76.

TWLO has been the topic of a number of recent analyst reports. Argus upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. They noted that the move was a valuation call. Piper Jaffray Companies initiated coverage on Twilio in a research report on Monday, June 25th. They issued an “overweight” rating on the stock. JMP Securities lifted their price objective on Twilio from $76.00 to $86.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. Oppenheimer lifted their price objective on Twilio from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Finally, Monness Crespi & Hardt lifted their price objective on Twilio from $85.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.36.

The company has a market cap of $8.12 billion, a P/E ratio of -108.71 and a beta of 0.33. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20.

Twilio (NYSE:TWLO) last released its earnings results on Monday, August 6th. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.09. The company had revenue of $147.80 million during the quarter, compared to analysts’ expectations of $130.39 million. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The firm’s revenue for the quarter was up 54.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. analysts forecast that Twilio Inc will post -0.78 earnings per share for the current year.

In other news, CFO Lee Kirkpatrick sold 17,636 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $86.81, for a total value of $1,530,981.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $85.72, for a total value of $1,785,547.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,461 shares of company stock valued at $15,065,489. 19.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in Twilio during the second quarter valued at $112,000. Cerebellum GP LLC purchased a new position in Twilio during the second quarter valued at $161,000. Tower Research Capital LLC TRC purchased a new position in Twilio during the second quarter valued at $182,000. M Holdings Securities Inc. purchased a new position in Twilio during the second quarter valued at $209,000. Finally, Global X Management Co LLC purchased a new position in Twilio during the second quarter valued at $210,000. Institutional investors own 57.89% of the company’s stock.

About Twilio (NYSE:TWLO)

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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