Twilio (NYSE:TWLO) Trading Down 5.5%

Twilio Inc (NYSE:TWLO)’s stock price traded down 5.5% during trading on Wednesday . The stock traded as low as $123.43 and last traded at $124.75, 4,625,156 shares were traded during mid-day trading. An increase of 10% from the average session volume of 4,199,615 shares. The stock had previously closed at $132.05.

Several equities research analysts have recently commented on the stock. Mitsubishi UFJ Financial Group boosted their target price on shares of Twilio to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Canaccord Genuity boosted their target price on shares of Twilio from $125.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. ValuEngine upgraded shares of Twilio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $125.00 to $150.00 in a research note on Wednesday, May 1st. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $175.00 target price (up previously from $150.00) on shares of Twilio in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $144.77.

The business has a 50-day moving average price of $139.40. The company has a market cap of $18.17 billion, a price-to-earnings ratio of -156.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.21 and a current ratio of 10.21.



Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.18). The company had revenue of $275.00 million for the quarter, compared to analyst estimates of $264.43 million. Twilio had a negative return on equity of 7.22% and a negative net margin of 23.07%. The firm’s quarterly revenue was up 86.1% on a year-over-year basis. During the same quarter last year, the company earned $0.03 EPS. Research analysts predict that Twilio Inc will post -1.39 EPS for the current fiscal year.

In other Twilio news, CEO Jeff Lawson sold 20,830 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $138.50, for a total transaction of $2,884,955.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Karyn Smith sold 937 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $142.38, for a total value of $133,410.06. The disclosure for this sale can be found here. Insiders have sold a total of 145,269 shares of company stock valued at $20,765,776 over the last three months. Company insiders own 10.85% of the company’s stock.

Large investors have recently made changes to their positions in the business. Centaurus Financial Inc. raised its holdings in Twilio by 46.1% during the 1st quarter. Centaurus Financial Inc. now owns 3,209 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,012 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Twilio in the 1st quarter valued at about $26,000. Truewealth LLC bought a new stake in shares of Twilio in the 2nd quarter valued at about $27,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Twilio by 94.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 218 shares of the technology company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Finally, Banco de Sabadell S.A bought a new stake in shares of Twilio in the 2nd quarter valued at about $31,000. 76.31% of the stock is owned by hedge funds and other institutional investors.

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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