Twilio (NYSE:TWLO) Trading Down 5.1% - Here's Why

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on TWLO shares. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. UBS Group cut their target price on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Scotiabank lifted their target price on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Mizuho cut their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler lifted their target price on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Twilio Stock Performance

The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $116.14 and a 200 day moving average of $112.15. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of -539.05, a PEG ratio of 3.78 and a beta of 1.30.

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

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 20,008 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at $32,450,151.93. This represents a 7.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The shares were 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 of the company's stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,888 shares of company stock valued at $6,753,409 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Twilio

Hedge funds have recently modified their holdings of the business. Capital Advantage Inc. acquired a new position in Twilio during the second quarter worth $5,780,000. Farther Finance Advisors LLC grew its position in Twilio by 96.1% during the second quarter. Farther Finance Advisors LLC now owns 2,687 shares of the technology company's stock worth $334,000 after buying an additional 1,317 shares in the last quarter. CX Institutional grew its stake in shares of Twilio by 44.7% in the 2nd quarter. CX Institutional now owns 583 shares of the technology company's stock valued at $73,000 after purchasing an additional 180 shares during the period. Diversified Trust Co grew its stake in shares of Twilio by 2.0% in the 2nd quarter. Diversified Trust Co now owns 8,930 shares of the technology company's stock valued at $1,111,000 after purchasing an additional 171 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Twilio by 64.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 331,326 shares of the technology company's stock worth $41,204,000 after acquiring an additional 129,849 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

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.