Twilio (TWLO) Shares Up 2.2%

Twilio Inc (NYSE:TWLO) shot up 2.2% during mid-day trading on Wednesday . The stock traded as high as $131.15 and last traded at $133.91. 87,407 shares were traded during mid-day trading, a decline of 98% from the average session volume of 4,199,820 shares. The stock had previously closed at $131.08.

Several research analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of Twilio from $114.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Bank of America reiterated a “buy” rating and set a $130.00 price target (up previously from $125.00) on shares of Twilio in a research note on Wednesday, February 13th. Piper Jaffray Companies lifted their price target on shares of Twilio from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Twilio from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, reiterated an “outperform” rating and set a $125.00 price target (up previously from $110.00) on shares of Twilio in a research note on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $138.36.

The stock has a market cap of $16.38 billion, a P/E ratio of -168.64 and a beta of 1.31. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.40). The firm had revenue of $233.00 million for the quarter, compared to the consensus estimate of $223.45 million. Twilio had a negative net margin of 17.87% and a negative return on equity of 9.50%. The firm’s revenue for the quarter was up 80.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, equities analysts forecast that Twilio Inc will post -1.4 EPS for the current year.

In other Twilio news, General Counsel Karyn Smith sold 1,360 shares of Twilio stock in a transaction on Friday, February 15th. The shares were sold at an average price of $106.22, for a total value of $144,459.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Erika Rottenberg sold 808 shares of Twilio stock in a transaction on Friday, February 15th. The shares were sold at an average price of $106.22, for a total transaction of $85,825.76. The disclosure for this sale can be found here. Insiders have sold a total of 126,847 shares of company stock worth $15,583,124 over the last 90 days. Insiders own 10.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Utah Retirement Systems increased its holdings in Twilio by 0.8% in the 4th quarter. Utah Retirement Systems now owns 13,419 shares of the technology company’s stock valued at $1,198,000 after acquiring an additional 100 shares during the last quarter. Private Advisors LLC increased its holdings in Twilio by 0.5% in the 1st quarter. Private Advisors LLC now owns 22,188 shares of the technology company’s stock valued at $2,866,000 after acquiring an additional 112 shares during the last quarter. Calamos Wealth Management LLC increased its holdings in Twilio by 0.3% in the 1st quarter. Calamos Wealth Management LLC now owns 39,327 shares of the technology company’s stock valued at $5,080,000 after acquiring an additional 119 shares during the last quarter. Congress Park Capital LLC increased its holdings in Twilio by 5.1% in the 1st quarter. Congress Park Capital LLC now owns 2,695 shares of the technology company’s stock valued at $348,000 after acquiring an additional 130 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Twilio by 2.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,678 shares of the technology company’s stock valued at $507,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 57.01% of the company’s stock.

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Twilio Company Profile (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.

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