Twilio (NYSE:TWLO) Releases Q4 2023 Earnings Guidance

Twilio (NYSE:TWLO - Get Free Report) updated its fourth quarter 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.530-0.570 for the period, compared to the consensus estimate of 0.570. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.

Twilio Trading Up 0.6 %

Shares of Twilio stock opened at $77.40 on Thursday. The firm has a 50-day moving average of $63.05 and a 200-day moving average of $62.48. The stock has a market cap of $14.01 billion, a PE ratio of -16.23 and a beta of 1.40. Twilio has a 52-week low of $43.78 and a 52-week high of $79.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.53 and a current ratio of 6.53.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Wednesday, November 8th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.29). The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $985.03 million. Twilio had a negative net margin of 21.44% and a negative return on equity of 3.06%. As a group, sell-side analysts forecast that Twilio will post -0.74 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on TWLO. Needham & Company LLC upped their price objective on shares of Twilio from $70.00 to $80.00 and gave the stock a buy rating in a research report on Wednesday, December 13th. William Blair reissued an outperform rating on shares of Twilio in a research note on Thursday, November 9th. JMP Securities reissued a market outperform rating and set a $110.00 target price on shares of Twilio in a research note on Thursday, November 9th. HSBC started coverage on Twilio in a research note on Friday, September 15th. They set a hold rating and a $67.00 target price for the company. Finally, StockNews.com started coverage on Twilio in a research note on Thursday, October 5th. They set a hold rating for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of Hold and a consensus price target of $69.73.

Insiders Place Their Bets

In other Twilio news, major shareholder Twilio Inc sold 5,000,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $0.57, for a total transaction of $2,850,000.00. Following the transaction, the insider now directly owns 5,000,000 shares in the company, valued at approximately $2,850,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Twilio Inc sold 5,000,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $0.57, for a total value of $2,850,000.00. Following the transaction, the insider now directly owns 5,000,000 shares in the company, valued at approximately $2,850,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 3,952 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $57.86, for a total value of $228,662.72. Following the completion of the transaction, the insider now owns 140,115 shares in the company, valued at $8,107,053.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,014,221 shares of company stock worth $3,664,279. Corporate insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On Twilio

A number of large investors have recently modified their holdings of TWLO. Vanguard Group Inc. raised its position in Twilio by 25.6% in the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company's stock valued at $2,162,627,000 after buying an additional 2,678,049 shares during the last quarter. BlackRock Inc. raised its position in Twilio by 2.3% in the 1st quarter. BlackRock Inc. now owns 11,519,294 shares of the technology company's stock valued at $767,531,000 after buying an additional 256,578 shares during the last quarter. State Street Corp raised its position in Twilio by 0.8% in the 2nd quarter. State Street Corp now owns 3,622,323 shares of the technology company's stock valued at $230,452,000 after buying an additional 28,487 shares during the last quarter. Geode Capital Management LLC raised its position in Twilio by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 2,336,653 shares of the technology company's stock valued at $155,458,000 after buying an additional 78,308 shares during the last quarter. Finally, Norges Bank purchased a new stake in Twilio in the 4th quarter valued at $84,442,000. 80.87% of the stock is currently owned by institutional investors.

About Twilio

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.

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