Short Interest in Twilio Inc. (NYSE:TWLO) Increases By 34.5%

Twilio Inc. (NYSE:TWLO - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,330,000 shares, a growth of 34.5% from the April 30th total of 3,220,000 shares. Based on an average daily volume of 2,670,000 shares, the short-interest ratio is presently 1.6 days. Currently, 3.0% of the company's stock are sold short.

Twilio Price Performance

TWLO traded up $2.39 during trading on Wednesday, reaching $119.87. The stock had a trading volume of 1,927,083 shares, compared to its average volume of 2,679,171. The stock has a 50 day moving average of $100.30 and a two-hundred day moving average of $109.84. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of -187.30, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. As a group, equities analysts anticipate that Twilio will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotiabank raised their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a report on Tuesday, April 29th. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and lifted their target price for the company from $77.00 to $99.00 in a research note on Monday, May 5th. Mizuho dropped their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group boosted their price objective on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.41.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the transaction, the chief financial officer now owns 176,640 shares of the company's stock, valued at $16,936,243.20. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,884 shares of company stock valued at $4,719,065. Insiders own 0.21% of the company's stock.

Institutional Trading of Twilio

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Twilio by 6.6% in the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after buying an additional 623 shares during the period. Swedbank AB lifted its stake in shares of Twilio by 7.2% in the 4th quarter. Swedbank AB now owns 60,280 shares of the technology company's stock valued at $6,515,000 after purchasing an additional 4,026 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in shares of Twilio during the 4th quarter worth about $273,000. Caprock Group LLC boosted its position in Twilio by 144.3% during the fourth quarter. Caprock Group LLC now owns 26,962 shares of the technology company's stock worth $2,914,000 after purchasing an additional 15,924 shares during the period. Finally, Austin Private Wealth LLC bought a new stake in shares of Twilio during the 4th quarter worth $356,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Company Profile

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.