Twilio (NYSE:TWLO) Shares Down 5.5%

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

Several equities research analysts have recently commented on TWLO shares. Rosenblatt Securities reissued a “buy” rating and issued a $167.00 price objective on shares of Twilio in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Twilio from $125.00 to $150.00 in a report on Wednesday, May 1st. ValuEngine raised Twilio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Bank of America increased their price objective on Twilio from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, JMP Securities increased their price objective on Twilio from $123.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $144.77.

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

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

In related news, Director Elena A. Donio sold 1,442 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $140.76, for a total value of $202,975.92. Following the sale, the director now owns 8,458 shares in the company, valued at approximately $1,190,548.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Karyn Smith sold 24,491 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $138.56, for a total value of $3,393,472.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,269 shares of company stock worth $20,765,776. 10.85% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. increased its position 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 buying an additional 1,012 shares during the period. Manchester Capital Management LLC bought a new position in Twilio during the 1st quarter worth $26,000. Truewealth LLC bought a new position in Twilio during the 2nd quarter worth $27,000. Massmutual Trust Co. FSB ADV increased its position in Twilio by 94.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 218 shares of the technology company’s stock worth $30,000 after buying an additional 106 shares during the period. Finally, Banco de Sabadell S.A bought a new position in Twilio during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 76.31% of the company’s stock.

Twilio Company Profile (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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