Twilio Inc. (NYSE:TWLO – Get Rating) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 5,670,000 shares, an increase of 25.7% from the January 31st total of 4,510,000 shares. Based on an average trading volume of 3,460,000 shares, the short-interest ratio is currently 1.6 days.
Shares of NYSE:TWLO traded down $3.40 during midday trading on Tuesday, hitting $136.60. 50,240 shares of the stock were exchanged, compared to its average volume of 4,968,160. Twilio has a twelve month low of $139.93 and a twelve month high of $412.68. The company has a current ratio of 8.43, a quick ratio of 8.43 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $199.72 and a 200-day moving average price of $275.13. The stock has a market cap of $24.80 billion, a P/E ratio of -25.13 and a beta of 1.40.
Twilio (NYSE:TWLO – Get Rating) last released its quarterly earnings results on Wednesday, February 9th. The technology company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($0.94) by ($0.31). The business had revenue of $842.74 million during the quarter, compared to analyst estimates of $768.89 million. Twilio had a negative net margin of 33.43% and a negative return on equity of 6.13%. During the same quarter in the prior year, the company earned ($0.80) earnings per share. On average, equities research analysts expect that Twilio will post -3.75 earnings per share for the current year.
TWLO has been the topic of several recent research reports. Canaccord Genuity Group dropped their target price on Twilio from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, February 10th. Needham & Company LLC cut their price target on shares of Twilio from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. TheStreet downgraded Twilio from a “c-” rating to a “d+” rating in a report on Wednesday, December 29th. BTIG Research upped their price target on Twilio from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, February 10th. Finally, Bank of America upped their target price on shares of Twilio from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio has an average rating of “Buy” and a consensus target price of $368.56.
In other news, COO Khozema Shipchandler sold 3,550 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $156.78, for a total value of $556,569.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeff Lawson sold 14,000 shares of the business’s stock in a transaction on Monday, December 13th. The shares were sold at an average price of $262.82, for a total transaction of $3,679,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 50,010 shares of company stock valued at $11,984,721. Insiders own 4.96% of the company’s stock.
Several institutional investors have recently modified their holdings of TWLO. Schmidt P J Investment Management Inc. grew its stake in shares of Twilio by 1.1% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,853 shares of the technology company’s stock valued at $1,010,000 after buying an additional 30 shares during the period. Tsfg LLC raised its holdings in shares of Twilio by 5.6% in the 3rd quarter. Tsfg LLC now owns 606 shares of the technology company’s stock worth $193,000 after purchasing an additional 32 shares during the period. First Foundation Advisors lifted its stake in shares of Twilio by 3.1% in the 3rd quarter. First Foundation Advisors now owns 1,181 shares of the technology company’s stock valued at $377,000 after purchasing an additional 36 shares in the last quarter. Cooper Financial Group increased its position in Twilio by 0.7% during the 3rd quarter. Cooper Financial Group now owns 5,776 shares of the technology company’s stock worth $1,843,000 after purchasing an additional 40 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Twilio by 4.2% in the third quarter. Crossmark Global Holdings Inc. now owns 990 shares of the technology company’s stock valued at $316,000 after buying an additional 40 shares during the period. 77.97% of the stock is currently owned by institutional investors.
Twilio Company Profile
Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.