Twilio (NYSE:TWLO) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a research note released on Monday.

Other equities research analysts also recently issued research reports about the stock. UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $144.00 to $160.00 in a research report on Monday, February 24th. Piper Sandler reiterated an “overweight” rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Tigress Financial lifted their price objective on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.35.

Twilio Trading Down 1.5 %

TWLO opened at $104.25 on Monday. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a market cap of $15.91 billion, a price-to-earnings ratio of -162.89, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50 day simple moving average of $121.07 and a 200 day simple moving average of $100.08.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, sell-side analysts anticipate that Twilio will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following 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 legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now owns 184,164 shares of the company’s stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TWLO. FMR LLC lifted its stake in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after acquiring an additional 77,436 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after buying an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of Twilio in the 4th quarter worth about $301,258,000. Geode Capital Management LLC increased its holdings in Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Finally, Norges Bank bought a new position in Twilio during the fourth quarter worth $222,146,000. Institutional investors own 84.27% of the company’s stock.

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.