Twilio Inc. (NYSE:TWLO) Short Interest Down 38.8% in December

Twilio Inc. (NYSE:TWLO) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,040,000 shares, a decline of 38.8% from the December 15th total of 4,970,000 shares. Based on an average trading volume of 2,610,000 shares, the short-interest ratio is currently 1.2 days. Approximately 2.1% of the company’s shares are short sold.

Twilio Stock Performance

Shares of TWLO traded up $0.72 during trading hours on Tuesday, hitting $108.68. The stock had a trading volume of 1,573,360 shares, compared to its average volume of 1,947,831. The firm has a market capitalization of $16.67 billion, a PE ratio of -42.29, a PEG ratio of 3.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a 12 month low of $52.51 and a 12 month high of $116.43. The stock has a fifty day moving average price of $105.85 and a 200 day moving average price of $78.25.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TWLO shares. Oppenheimer increased their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Twilio has an average rating of “Hold” and an average price target of $93.61.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 in the last ninety days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of large investors have recently made changes to their positions in the company. FMR LLC lifted its position in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after acquiring an additional 33,824 shares during the period. Dimensional Fund Advisors LP increased its holdings in Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after acquiring an additional 224,040 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares during the period. 84.27% of the stock is currently owned by institutional investors.

About Twilio

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.