Twilio Inc. (NYSE:TWLO) Sees Significant Growth in Short Interest

Key Points

• Twilio Inc. experienced a significant increase in short interest, rising by 5,043.1% to a total of 5,030,000 shares as of July 15th.
• The company's stock is currently at $121.14 with a 12-month low of $56.85 and a high of $151.95.
• Twilio reported earnings of $1.14 EPS for the recent quarter, surpassing analysts' expectations of $0.92 EPS.

Twilio Inc. (NYSE:TWLO - Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 5,030,000 shares, anincreaseof5,043.1% from the June 30th total of 97,800 shares. Based on an average daily volume of 2,580,000 shares, the short-interest ratio is currently 1.9 days. Currently,3.5% of the shares of the stock are sold short. Currently,3.5% of the shares of the stock are sold short. Based on an average daily volume of 2,580,000 shares, the short-interest ratio is currently 1.9 days.

Twilio Stock Performance

TWLO stock traded down $7.86 on Friday, reaching $121.14. 2,796,842 shares of the company were exchanged, compared to its average volume of 2,850,930. Twilio has a 12 month low of $56.85 and a 12 month high of $151.95. The stock's fifty day moving average price is $121.42 and its 200 day moving average price is $113.99. The firm has a market capitalization of $18.49 billion, a PE ratio of -576.86, a PEG ratio of 4.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that Twilio will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on TWLO shares. Tigress Financial reiterated a "buy" rating and issued a $170.00 target price on shares of Twilio in a report on Thursday, May 8th. Wall Street Zen cut shares of Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Mizuho decreased their price target on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. UBS Group decreased their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, JMP Securities restated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $127.22.

Insider Activity

In other news, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the transaction, the chief executive officer owned 260,581 shares in the company, valued at approximately $32,450,151.93. This trade represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This trade represents a 5.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,888 shares of company stock worth $6,753,409. Corporate insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On Twilio

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integral Investment Advisors Inc. raised its holdings in shares of Twilio by 4.0% in the second quarter. Integral Investment Advisors Inc. now owns 2,863 shares of the technology company's stock valued at $356,000 after buying an additional 111 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Twilio by 8.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 34,692 shares of the technology company's stock valued at $4,314,000 after acquiring an additional 2,700 shares during the last quarter. Transcend Capital Advisors LLC acquired a new position in shares of Twilio in the 2nd quarter valued at approximately $213,000. Bessemer Group Inc. grew its position in shares of Twilio by 1,840.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,503 shares of the technology company's stock valued at $311,000 after purchasing an additional 2,374 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Twilio by 224.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,336 shares of the technology company's stock worth $33,122,000 after acquiring an additional 184,216 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

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.

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