Investors Sell Shares of Twilio (TWLO) on Strength (TWLO)

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Traders sold shares of Twilio Inc (NYSE:TWLO) on strength during trading hours on Thursday. $81.34 million flowed into the stock on the tick-up and $109.41 million flowed out of the stock on the tick-down, for a money net flow of $28.07 million out of the stock. Of all companies tracked, Twilio had the 0th highest net out-flow for the day. Twilio traded up $1.27 for the day and closed at $69.29

A number of brokerages have recently issued reports on TWLO. Piper Jaffray Companies began coverage on Twilio in a research note on Monday, June 25th. They issued an “overweight” rating on the stock. Rosenblatt Securities began coverage on Twilio in a research note on Wednesday, June 27th. They issued a “buy” rating and a $70.00 price target on the stock. Argus raised Twilio from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. They noted that the move was a valuation call. Zacks Investment Research raised Twilio from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price target (up from $52.00) on shares of Twilio in a research note on Monday, August 6th. Two investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $76.55.

The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of -96.15 and a beta of 0.31. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.98.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Monday, August 6th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.09. The company had revenue of $147.80 million for the quarter, compared to analyst estimates of $130.39 million. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The firm’s revenue for the quarter was up 54.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) earnings per share. On average, research analysts anticipate that Twilio Inc will post -0.78 earnings per share for the current fiscal year.

In other Twilio news, General Counsel Karyn Smith sold 938 shares of the business’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $61.12, for a total transaction of $57,330.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO George Hu sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $63.03, for a total value of $315,150.00. The disclosure for this sale can be found here. Insiders have sold 204,261 shares of company stock worth $15,545,973 in the last three months. 19.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Hollencrest Capital Management purchased a new stake in Twilio in the third quarter valued at $304,000. United Services Automobile Association raised its position in Twilio by 2.2% in the second quarter. United Services Automobile Association now owns 113,686 shares of the technology company’s stock valued at $6,369,000 after purchasing an additional 2,426 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Twilio in the second quarter valued at $489,000. Public Employees Retirement System of Ohio purchased a new stake in Twilio in the second quarter valued at $18,311,000. Finally, Nomura Holdings Inc. raised its position in Twilio by 2,308.0% in the second quarter. Nomura Holdings Inc. now owns 361,200 shares of the technology company’s stock valued at $20,234,000 after purchasing an additional 346,200 shares during the period. Institutional investors own 57.90% of the company’s stock.

About Twilio (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.

See Also: Leveraged Buyout (LBO)

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