Short Interest in Twilio Inc. (NYSE:TWLO) Declines By 15.1%

Twilio Inc. (NYSE:TWLO – Get Rating) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 5,210,000 shares, a drop of 15.1% from the April 15th total of 6,140,000 shares. Based on an average daily volume of 4,460,000 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Twilio from $75.00 to $50.00 in a report on Wednesday. Cowen increased their target price on Twilio from $65.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, February 16th. Wells Fargo & Company increased their target price on Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, February 16th. Morgan Stanley reduced their target price on Twilio from $82.00 to $65.00 in a report on Wednesday. Finally, Robert W. Baird dropped their price target on Twilio from $80.00 to $56.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.11.

Twilio Stock Down 3.5 %

Shares of NYSE TWLO opened at $45.83 on Friday. Twilio has a 52-week low of $41.00 and a 52-week high of $112.89. The firm has a fifty day moving average of $59.50 and a 200-day moving average of $56.99. The stock has a market capitalization of $8.58 billion, a PE ratio of -6.67 and a beta of 1.47. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.10.

Twilio (NYSE:TWLO – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.31. Twilio had a negative net margin of 32.83% and a negative return on equity of 7.63%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned ($1.25) EPS. The firm’s revenue was up 21.6% on a year-over-year basis. On average, analysts anticipate that Twilio will post -2.05 EPS for the current year.

Insider Transactions at Twilio

In other news, CEO Jeff Lawson bought 158,081 shares of Twilio stock in a transaction that occurred on Friday, February 24th. The stock was bought at an average price of $63.26 per share, for a total transaction of $10,000,204.06. Following the purchase, the chief executive officer now directly owns 226,397 shares of the company’s stock, valued at approximately $14,321,874.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Twilio news, COO Khozema Shipchandler sold 20,274 shares of Twilio stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $64.22, for a total transaction of $1,301,996.28. Following the completion of the transaction, the chief operating officer now owns 248,065 shares in the company, valued at approximately $15,930,734.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeff Lawson acquired 158,081 shares of Twilio stock in a transaction on Friday, February 24th. The shares were bought at an average price of $63.26 per share, with a total value of $10,000,204.06. Following the purchase, the chief executive officer now directly owns 226,397 shares in the company, valued at approximately $14,321,874.22. The disclosure for this purchase can be found here. Insiders sold 38,842 shares of company stock valued at $2,490,031 in the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently modified their holdings of TWLO. Harbert Fund Advisors Inc. acquired a new stake in Twilio during the first quarter worth about $2,492,000. Veritable L.P. acquired a new stake in Twilio during the first quarter worth about $218,000. Wetherby Asset Management Inc. raised its stake in Twilio by 9.8% during the first quarter. Wetherby Asset Management Inc. now owns 7,163 shares of the technology company’s stock worth $477,000 after acquiring an additional 637 shares during the period. Cresset Asset Management LLC bought a new position in Twilio in the 1st quarter worth about $254,000. Finally, Great West Life Assurance Co. Can grew its position in Twilio by 5.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 163,207 shares of the technology company’s stock worth $10,884,000 after purchasing an additional 7,785 shares during the last quarter. Institutional investors and hedge funds own 78.68% of the company’s stock.

Twilio Company Profile

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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.