Short Interest in Twilio Inc. (NYSE:TWLO) Declines By 21.6%

Twilio Inc. (NYSE:TWLO) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 2,540,000 shares, a decrease of 21.6% from the June 30th total of 3,240,000 shares. Based on an average daily volume of 2,400,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.6% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently commented on TWLO. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Piper Sandler cut their target price on shares of Twilio from $79.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Robert W. Baird lowered their price target on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, April 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $71.00 price target on shares of Twilio in a report on Monday, May 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Twilio has a consensus rating of “Hold” and an average target price of $69.38.

Insider Activity

In other news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the sale, the chief executive officer now directly owns 311,325 shares in the company, valued at $17,745,525. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 796 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now owns 164,374 shares of the company’s stock, valued at $10,140,232.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now directly owns 311,325 shares in the company, valued at approximately $17,745,525. The disclosure for this sale can be found here. Insiders have sold 66,967 shares of company stock worth $3,796,221 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after purchasing an additional 140,791 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Twilio by 35.9% during the 4th quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock valued at $217,000 after purchasing an additional 754 shares during the last quarter. Greenwood Capital Associates LLC acquired a new stake in Twilio during the 4th quarter valued at $478,000. V Square Quantitative Management LLC lifted its holdings in Twilio by 68.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after purchasing an additional 792 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Twilio during the 4th quarter valued at $1,689,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

Shares of Twilio stock traded up $1.43 on Friday, reaching $58.85. The stock had a trading volume of 1,619,970 shares, compared to its average volume of 1,798,836. The business’s 50-day moving average price is $57.15 and its two-hundred day moving average price is $61.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. Sell-side analysts forecast that Twilio will post 0.22 earnings per share for the current 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.