Twilio (NYSE:TWLO) Trading Down 8.2% on Analyst Downgrade

Twilio Inc. (NYSE:TWLO) shares were down 8.2% during mid-day trading on Wednesday after Macquarie lowered their price target on the stock from $69.00 to $63.00. Macquarie currently has a neutral rating on the stock. Twilio traded as low as $58.07 and last traded at $58.16. Approximately 5,209,947 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 3,184,619 shares. The stock had previously closed at $63.37.

Several other equities analysts also recently issued reports on TWLO. The Goldman Sachs Group lifted their price objective on Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Sanford C. Bernstein cut their price objective on Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Wednesday. Robert W. Baird lowered their target price on Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $71.00 target price on shares of Twilio in a research note on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $68.59.

Insider Buying and Selling

In related news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 3,375 shares of Twilio stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the transaction, the chief financial officer now directly owns 231,036 shares in the company, valued at $14,044,678.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 458 shares of Twilio stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now owns 171,744 shares in the company, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 over the last three months. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. Principal Securities Inc. bought a new stake in shares of Twilio in the fourth quarter valued at about $25,000. Truvestments Capital LLC lifted its holdings in shares of Twilio by 123.5% in the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Westend Capital Management LLC bought a new stake in shares of Twilio in the first quarter valued at about $35,000. Finally, Blue Trust Inc. lifted its holdings in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Down 7.5 %

The company has a market capitalization of $10.67 billion, a P/E ratio of -10.58 and a beta of 1.33. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $60.72 and a 200 day moving average price of $64.38.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, analysts expect that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.