Twilio (NYSE:TWLO) Shares Down 8.7%


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Twilio Inc. (NYSE:TWLO)’s stock price dropped 8.7% during mid-day trading on Tuesday . The stock traded as low as $328.66 and last traded at $328.66. Approximately 49,929 shares were traded during trading, a decline of 98% from the average daily volume of 2,095,564 shares. The stock had previously closed at $359.92.

A number of research firms have recently weighed in on TWLO. Jefferies Financial Group initiated coverage on shares of Twilio in a research note on Monday, March 15th. They issued a “buy” rating and a $415.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Twilio in a research note on Wednesday, January 13th. They issued a “buy” rating and a $425.00 price target on the stock. Piper Sandler raised their price objective on Twilio from $475.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. KeyCorp lifted their price objective on Twilio from $420.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, February 25th. Finally, Zacks Investment Research raised shares of Twilio from a “strong sell” rating to a “hold” rating and set a $386.00 price target on the stock in a research report on Tuesday, April 20th. Two investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Twilio presently has a consensus rating of “Buy” and an average target price of $441.44.

The company has a debt-to-equity ratio of 0.08, a current ratio of 10.94 and a quick ratio of 10.94. The stock has a market capitalization of $56.28 billion, a price-to-earnings ratio of -115.97 and a beta of 1.51. The company has a 50-day simple moving average of $362.78 and a two-hundred day simple moving average of $351.47.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 17th. The technology company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.51) by $0.55. The business had revenue of $548.09 million for the quarter, compared to analysts’ expectations of $454.64 million. Twilio had a negative net margin of 26.01% and a negative return on equity of 5.43%. Research analysts anticipate that Twilio Inc. will post -1.5 EPS for the current year.

In other Twilio news, Director Richard L. Dalzell sold 1,500 shares of the business’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $377.60, for a total transaction of $566,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeff Lawson sold 49,500 shares of the stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $431.60, for a total transaction of $21,364,200.00. The disclosure for this sale can be found here. Insiders sold a total of 207,884 shares of company stock valued at $81,405,605 over the last three months. Corporate insiders own 6.68% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sands Capital Management LLC lifted its holdings in shares of Twilio by 54.7% during the fourth quarter. Sands Capital Management LLC now owns 4,314,464 shares of the technology company’s stock valued at $1,460,446,000 after purchasing an additional 1,525,951 shares during the last quarter. Norges Bank purchased a new stake in Twilio during the fourth quarter valued at about $443,871,000. Janus Henderson Group PLC boosted its holdings in shares of Twilio by 159.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,530,372 shares of the technology company’s stock worth $518,031,000 after buying an additional 939,568 shares during the period. Winslow Capital Management LLC purchased a new position in shares of Twilio in the fourth quarter worth approximately $291,337,000. Finally, Jennison Associates LLC raised its holdings in shares of Twilio by 9.2% during the fourth quarter. Jennison Associates LLC now owns 8,016,402 shares of the technology company’s stock valued at $2,713,552,000 after acquiring an additional 676,385 shares during the period. 82.51% of the stock is currently owned by institutional investors.

Twilio Company Profile (NYSE:TWLO)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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