Twilio (NYSE:TWLO) Shares Down 5.1% - What's Next?

Shares of Twilio Inc. (NYSE:TWLO - Get Free Report) were down 5.1% during trading on Thursday . The company traded as low as $115.50 and last traded at $115.26. Approximately 436,453 shares traded hands during trading, a decline of 83% from the average daily volume of 2,625,446 shares. The stock had previously closed at $121.49.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Morgan Stanley lowered their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler increased their price target on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $126.39.

Twilio Stock Performance

The stock has a market capitalization of $17.91 billion, a P/E ratio of -558.76, a price-to-earnings-growth ratio of 3.78 and a beta of 1.30. The company has a 50 day simple moving average of $116.14 and a 200-day simple moving average of $112.15. 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 announced its 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. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. On average, equities analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares in the company, valued at $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock worth $6,753,409 in the last quarter. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twilio

Large investors have recently made changes to their positions in the company. Horizon Financial Services LLC lifted its holdings in shares of Twilio by 9,692.0% during the 1st quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company's stock valued at $240,000 after purchasing an additional 2,423 shares during the last quarter. Telemark Asset Management LLC acquired a new position in shares of Twilio in the 4th quarter valued at about $5,404,000. Alpha Cubed Investments LLC lifted its holdings in shares of Twilio by 53.7% in the 1st quarter. Alpha Cubed Investments LLC now owns 16,866 shares of the technology company's stock valued at $1,651,000 after buying an additional 5,896 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Twilio by 198.2% in the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock valued at $791,000 after buying an additional 5,368 shares during the period. Finally, US Bancorp DE increased its stake in shares of Twilio by 23.4% in the 4th quarter. US Bancorp DE now owns 5,907 shares of the technology company's stock valued at $638,000 after purchasing an additional 1,120 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.