StockNews.com Downgrades Twilio (NYSE:TWLO) to Hold

Twilio (NYSE:TWLO - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Wednesday.

TWLO has been the topic of several other reports. HSBC cut shares of Twilio from a "hold" rating to a "reduce" rating and lowered their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Jefferies Financial Group cut their target price on shares of Twilio from $65.00 to $60.00 and set a "hold" rating for the company in a research report on Wednesday, March 6th. Canaccord Genuity Group cut their target price on shares of Twilio from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $71.00 target price on shares of Twilio in a research report on Monday. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $69.95.

Twilio Price Performance

Shares of NYSE TWLO traded down $0.25 during trading on Wednesday, hitting $60.20. The company had a trading volume of 1,792,236 shares, compared to its average volume of 3,161,482. The company has a market cap of $10.30 billion, a P/E ratio of -15.01, a PEG ratio of 10.28 and a beta of 1.33. Twilio has a 52 week low of $49.86 and a 52 week high of $78.16. The business's 50-day moving average is $60.81 and its 200 day moving average is $64.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 796 shares of the company's stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the sale, the insider now directly owns 164,374 shares of the company's stock, valued at $10,140,232.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other 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 sale, the insider now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares in the company, valued at $20,874,561.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,692 shares of company stock valued at $1,714,597. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Twilio in the fourth quarter worth $179,739,000. Kodai Capital Management LP bought a new stake in shares of Twilio during the fourth quarter worth $82,558,000. Contrarius Investment Management Ltd bought a new position in Twilio in the fourth quarter valued at $80,043,000. Robertson Stephens Wealth Management LLC grew its position in Twilio by 102.2% in the third quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company's stock valued at $807,000 after purchasing an additional 650,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Twilio by 73.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company's stock valued at $70,965,000 after purchasing an additional 515,068 shares in the last quarter. 84.27% of the stock is 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.

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